Applying Topic 606 in an environment of uncertainty can be especially challenging. This course will discuss the proper application of the revenue recognition model when facts and circumstances are changing.
Learning Objectives
Recognize challenges with judgments made in applying the revenue recognition model in uncertain times Apply appropriate accounting in accordance with Topic 606
Major Topics
Alternatives to adopting Topic 842 Short-term lease and related-party leasing arrangements Identifying lease agreements under the new rules Proper treatment of lease incentives, leasehold improvements, and lease modifications
