Recognizing Revenue When a Performance Obligation has Been Satisfied

In this webcast, you'll learn: The details of step five of the five-step process for revenue recognition under FASB ASC 606, Revenue from Contracts with Customers; How to identify when the transfer of control occurs under FASB ASC 606 and whether a performance obligation is satisfied at a point in time or over time

Learning Objectives

Identify when the transfer of control to the customer occurs under FASB ASC 606
Identify when a performance obligation has been satisfied at a point in time under FASB ASC 606
Identify when a performance obligation has been satisfied over time under FASB ASC 606

Major Topics

transfer of control
performance obligations satisfied at a point in time
performance obligations satisfied over time
Measuring progress toward complete satisfaction of a performance obligation

CPE Credits Available

Total CPE

1: Accounting & Auditing

Things to Know About This Course

Course Level

Intermediate

Prerequisites

Experience in the application of accounting standards

Intended Audience

Accountants and finance professionals in public practice, industry and academia who need an update on the latest revenue recognition guidance