|Course Title:||Revenue Recognition|
|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|
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.
Select any of the video lessons markedto view them in a new window.
|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|
|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 4.4-||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 5.5-||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 5.10-||Repurchase Agreements|
|Lesson 5.11-||Consignment Arrangements|
|Lesson 5.12-||Bill and Hold Arrangements|
|Lesson 5.13-||Customer Acceptance|
|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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