Virtual

Revenue: Special Implementation Guide—ASC Topic 606-10-55 2023

Date: March 14, 2024

Time: 11 a.m. – 1 p.m. PT

CPE: 2

Overview

This second in a three-course series concentrates on the Special Implementation Guide as covered in ASC Topic 606, Revenue from Contracts with Customers. Since ASC Topic 606 has been adopted by most entities, it is time to review the topic, including any recent updates. The course also includes pertinent note disclosures from several publicly traded companies across several industries.

The other two courses in this series include Revenue: The Five Steps and Revenue: Miscellaneous Topics.

Product Code
1000001697-118672
Credit Type
CPE: 2
CPE-AA: 2
CPE-Technical: 2
Accessibility
Closed Captioning Available
Intended Audience
CPAs, auditors, consultants, and financial and managerial professionals.
NASBA Field of Study
Accounting
Level of Difficulty
Overview
Prerequisites
Revenue: The Five Steps
Advance Preparation
None

Learning Objectives

Outline several of the special issues addressed in ASC Topic 606-10-55

Describe the different methods of measuring progress toward complete satisfaction of a performance obligation

Explain the accounting treatment of warranties where the customer has no option to purchase the warranty separately

Explain the underlying criteria in customer options for additional goods or services

Explain the accounting treatment for customers' unexercised rights

List the criteria for a license to be accounted for at a point in time or overtime

Define a bill-and-hold arrangement

Review excerpts from a selection of public companies' revenue disclosures

Major Subjects

FASB ASC 606, Revenue from Contracts with Customers
All recently released updates to ASC Topic 606

Faculty

Bobbe Barnes

Bobbe Barnes is an educator and consultant with international experience in professional certification, governmental accounting and accounting Training of Trainers (TOT) programs. She worked with the Philippines’ SEC on an ADB project and completed a World Bank assignment with the ICAEW training Nigerian SEC staff in IFRS. Previously, Barnes was program director of the Accounting Training Center at Kabul University and regional director of acc...

More about Bobbe Barnes

Additional Details

This course was recorded on 7/16/2023. The instructor will be available via the chat feature to answer questions during the presentation.

Revenue: Special Implementation Guide—ASC Topic 606-10-55 2023

Member

Nonmember

Overview

Product Code

Credit Type

Accessibility

Intended Audience

NASBA Field of Study

Level of Difficulty

Prerequisites

Advance Preparation

Learning Objectives

Major Subjects

Faculty

Additional Details