
Recognizing Revenue When a Performance Obligation has Been Satisfied
Learn how to identify when the transfer of control occurs and whether a performance obligation is satisfied under FASB ASC 606, Revenue from Contracts with Customers.
Format
Webcast
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
1
Author(s)
Renee Rampulla
Availability
Product Number
VRRPO22040
Step Five for Revenue Recognition
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
Key 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
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
Who Will Benefit
- Accountants and finance professionals in public practice, industry and academia who need an update on the latest revenue recognition guidance
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