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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 31 ||| Word Count: 12,552 ||| 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 2416 |
| 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 considerations relating to variable consideration and accounting for contract modifications. This course also addresses the accounting considerations related to significant financing components. |
| Usage Rank : | 18333 |
| 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
|
| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 25-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 - 2416 |
| Keywords : | Accounting, ASC, 606, Insights, Managing, Variable, Consideration, Modifications, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
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| Course Contents : | Chapter 1 - Variable Consideration and Significant Financing Components Chapter Overview Learning Objectives Introduction Variable Consideration Methods to Estimate Variable Consideration Constraining Estimates Significant Financing Components Conclusion Review Questions Chapter 2 - Accounting for Contract Modifications Chapter Overview Learning Objectives Introduction Approval of the Modification Modification Approval Assessment Modification Accounted for as Separate Contract Modification Not Accounted for as a Separate Contract Conclusion Review Questions Glossary of Key Terms |
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