What are the presentation and disclosure requirements under FASB ASC 606, Revenue from Contracts with Customers? This course deals with presentation requirements for contract assets and contract liabilities under FASB ASC 606, as well disclosure requirements for disaggregation of revenue, significant judgments and determining the transaction price and the amounts allocated to performance obligations. This course offers disclosure illustrations as well.
DESIGNED FOR
Accountants in public practice & industry who need an update on the new revenue recognition guidance
BENEFITS
When you complete this course, you will be able to:
• Identify the presentation requirements described in FASB ASC 606 for contract assets and contract liabilities.
• Identify types of disclosure requirements described in FASB ASC 606.
COURSE LEVEL
Intermediate
PREREQUISITES
Experience in the application of accounting standards
ADVANCE PREPARATION
None