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Revenue Recognition CPE Training Course


Course Title: Revenue Recognition
Course Version: 2.0
Video Lessons: 37
Subject: Accounting & Auditing
Online (Single Course): $50 |   
Online (All Courses): Access ALL courses. One price. | 
Multi-User: Need to train multiple people? | 
CPE Credits: CPAs (3) Verify

Course Description

In May, 2014, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) jointly issued a new revenue recognition standard. The standard changed the way companies determine when and how revenue is recognized. Revenue is one of the most important areas that is reported in financial statements because it assesses the financial performance and position of an entity. The new standard is a significant change in the area of financial accounting. This course will examine the amendments that create revenue from contracts with customers and other assets and deferred costs. By the end of this course, you should understand the changes that have been made to revenue recognition, learn how to remove the inconsistencies and weaknesses in revenue recognition, and understand the changes made to financial reporting of revenue recognition.

Watch, listen and learn as your expert instructor guides you through each lesson step-by-step. During this media-rich learning experience, you will see and hear each lesson just as if your instructor were there with you. Reinforce your learning with the text of our course transcript.

We have incorporated years of classroom training experience and teaching techniques to develop an easy-to-use course that you can customize to meet your personal learning needs. Simply launch the easy-to-use interface, click to start a video lesson or open the transcript and you’re on your way to mastering revenue recognition standards.


Course Syllabus

Select any of the video lessons markedfreeto view them in a new window.

CHAPTER 1- Introduction
Lesson 1.1- Chapter One Learning Objectives and Key Terms
Lesson 1.2- What is Revenue Recognition and Why are These Changes Being Made?
Lesson 1.3- Clarified Principles
Lesson 1.4- Who is Impacted by the Amendments?
Lesson 1.5- The Core Principle and Steps Required to Recognize Revenue
CHAPTER 2- Steps to Recognize Revenue
Lesson 2.1- Chapter Two Learning Objectives and Key Terms
Lesson 2.2- Step 1: Identify the Contract(s) with a Customer free
Lesson 2.3- Step 2: Identify the Performance Obligations in the Contract
Lesson 2.4- Step 3: Determine the Transaction Price
Lesson 2.5- Step 4: Allocate the  Transaction Price to the Performance Obligations in the Contract
Lesson 2.6- Step 5: Recognize Revenue When (or As) the Entity Satisfies a Performance Obligation
CHAPTER 3- Costs to Obtain or Fulfill a Customer Contract
Lesson 3.1- Chapter Three Learning Objectives and Key Terms
Lesson 3.2- Incremental Costs of Obtaining a Contract
Lesson 3.3- Costs to Fulfill a Contract
CHAPTER 4- Presentation of Financial Information and Disclosures
Lesson 4.1- Chapter Four Learning Objectives and Key Terms
Lesson 4.2- Presentation of Contract Assets, Contract Liabilities, and Receivables
Lesson 4.3- Disclosures
Lesson 4.4- Transitioning to Topic 606
CHAPTER 5- Application and Implementation Guidance
Lesson 5.1- Chapter Five Learning Objectives and Key Terms
Lesson 5.2- Introduction to Application and Implementation Guidance
Lesson 5.3- Sale with a Right of Return
Lesson 5.4- Warranties
Lesson 5.5- Principal versus Agent Considerations
Lesson 5.6- Customer Options for Additional Goods or Services
Lesson 5.7- Customers’ Unexercised Rights
Lesson 5.8- Nonrefundable Upfront Fees
Lesson 5.9- Licensing
Lesson 5.10- Repurchase Agreements
Lesson 5.11- Consignment Arrangements
Lesson 5.12- Bill and Hold Arrangements
Lesson 5.13- Customer Acceptance
CHAPTER 6- Conclusion
Lesson 6.1- Chapter Six Learning Objectives and Key Terms
Lesson 6.2- Summary of Differences from Previous U.S. GAAP Guidance
Lesson 6.3- Summary of Differences between Topic 606 and IFRS 15
Lesson 6.4- Effective Dates for Topic 606
Lesson 6.5- Further Reading and Conclusion

Revenue Recognition CPE Training Course Overview

Course includes all video lessons and the instructor’s course transcript, a practice exam with evaluative feedback (find out why your answers are right or wrong), your final exam submission, and a course certificate of completion. The Revenue Recogntion CPE training course qualifies for continuing education credit for CPAs (Certified Public Accountants) in certain states.

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Courses are also available individually via online for a one-time charge.