Revenue Recognition Principles

Price: $39.00

CPE Credits: 4.0

Category:

Course Number: AAREVRKC

Revenue Recognition Principles

Description:
This course provides an overview of the new revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) issued in May 2014. The new standards are effective for public business entities for annual reporting periods after December 1, 2017, including interim periods within that reporting period. For calendar year public filers, these entities will need to implement the new standards starting in 2018. This course primarily walks through the new five-step process involved in the new revenue recognition model. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorKelen F. Camehl, CPA, MBA

Publication: July 2016
Reviewed: January 2017

Format: PDF
Pages: 75

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• Recognize how the new revenue recognition standards were developed between the FASB and IASB
• List the five steps involved in the new revenue recognition model
• Recognize the considerations involved in identifying whether a contract exists
• Identify the considerations involved with measuring the transaction price
• Recognize the steps involved in allocating the transaction price to performance obligations
• Identify presentation issues with respect to contract assets and contract liabilities
• Understand the overall disclosure requirements and transition methods related to the new standards
• Recognize key amendments from ASUs issued subsequent to the initial release of the new revenue recognition standards

 

Overall Course Rating: 5 – “Excellent course. The commitment of the author to the subject is loud and clear” – C. Walker 12/17

Description:
This course provides an overview of the new revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) issued in May 2014. The new standards are effective for public business entities for annual reporting periods after December 1, 2017, including interim periods within that reporting period. For calendar year public filers, these entities will need to implement the new standards starting in 2018. This course primarily walks through the new five-step process involved in the new revenue recognition model. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorKelen F. Camehl, CPA, MBA

Publication: July 2016
Reviewed: January 2017

Format: PDF
Pages: 75

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• Recognize how the new revenue recognition standards were developed between the FASB and IASB
• List the five steps involved in the new revenue recognition model
• Recognize the considerations involved in identifying whether a contract exists
• Identify the considerations involved with measuring the transaction price
• Recognize the steps involved in allocating the transaction price to performance obligations
• Identify presentation issues with respect to contract assets and contract liabilities
• Understand the overall disclosure requirements and transition methods related to the new standards
• Recognize key amendments from ASUs issued subsequent to the initial release of the new revenue recognition standards

 

Overall Course Rating: 5 – “Excellent course. The commitment of the author to the subject is loud and clear” – C. Walker 12/17

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