Author : | Kelen Camehl, CPA, MBA |
Course Length : | Pages: 33 ||| Word Count: 11,979 ||| Review Questions: 10 ||| Final Exam Questions: 10 |
CPE Credits : | 2.0 |
IRS Credits : | 0 |
Price : | $17.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - NASBA Registry |
Technical Designation: | Technical |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2415 |
Description : | This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes licensing arrangements, with an emphasis on how to recognize revenue from agreements that grant customers rights to use or access intellectual property. This course also addresses the requirements and challenges with respect to financial statement disclosures. |
Usage Rank : | 20000 |
Release : | 2024 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Revenue Recognition: What It Means in Accounting and the 5 Steps
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 23-Nov-2024 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - Text - NASBA Registry - 2415 |
Keywords : | Accounting, ASC, 606, Insights, Licensing, Revenue, Financial, Statement, Disclosures, cpe, cpa, online course |
Learning Objectives : |
Chapter 1
Chapter 2
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Course Contents : | Chapter 1 - Licensing Arrangements and Intellectual Property Chapter Overview Learning Objectives Introduction Is the License Distinct License is NOT Distinct License is Distinct Nature of License License Renewals Case Study Conclusion Review Questions Chapter 2 - Financial Statement Disclosures Chapter Overview Learning Objectives Introduction Revenue Recognition Disclosures Contracts with Customers Significant Judgments Assets Recognized from Costs to Obtain or Fulfill a Contract Ensuring Completeness Best Practices Practices to Avoid Conclusion Review Questions Glossary of Key Terms |