Which methods does this course use for measuring progress over time?

The ASC 606 Insights Timing of Revenue Recognition course uses output methods and input methods to measure progress over time.

Which framework does this course apply for principal versus agent?

This course applies the applicable framework for distinguishing a principal from an agent.

Which factors does this course determine for point in time recognition?

This course determines factors relevant to revenue satisfied at a point in time rather than over time.

How many CPE credits does this ASC 606 Insights Timing course provide?

ASC 606 Insights Timing of Revenue Recognition and Principal vs Agent Considerations is a Technical, self study text course in Accounting worth 2.0 CPE credits, requiring a 10 question final exam preceded by 10 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

Empty |

Search Courses List > Course Details

Use Landscape to see Search/Filter

Item Types:

Course Type:

Field of Study:

Authors:

CPE Hours:

Keyword:

Course Details

ASC 606 Insights: Timing of Revenue Recognition and Principal vs. Agent Considerations (Course Id 2417)

QAS / Registry

Author:	Kelen Camehl, CPA, MBA
Course Length:	Pages: 29 \|\|\| Word Count: 12,216 \|\|\| Review Questions: 10 \|\|\| Final Exam Questions: 10
CPE Credits:	2.0
IRS Credits:	0
Price:	$17.95
Passing Score:	70%
Course Type:	Text

ASC 606 Insights: Timing of Revenue Recognition and Principal vs. Agent Considerations - CPE course for CPAs

Technical Designation:	Technical
Field Of Study:	Accounting
Approved Audience:	NASBA QAS - NASBA Registry
Key Takeaways:	This course examines critical ASC 606 challenges related to timing of revenue recognition and distinguishing principal from agent relationships in customer contracts. Explains how to determine whether revenue should be recognized over time or at a point in time. Covers principal versus agent considerations when a company arranges for another party to provide goods or services. Addresses common judgment calls companies face when applying these ASC 606 provisions. Worth 2.0 CPE credits in Accounting as a self study text course on ASC 606 timing of revenue recognition and principal versus agent considerations, requiring a 10 question final exam preceded by 10 review questions (optional) and a 70% passing score.
Frequently Asked Questions:	Which methods does this course use for measuring progress over time? The ASC 606 Insights Timing of Revenue Recognition course uses output methods and input methods to measure progress over time. Which framework does this course apply for principal versus agent? This course applies the applicable framework for distinguishing a principal from an agent. Which factors does this course determine for point in time recognition? This course determines factors relevant to revenue satisfied at a point in time rather than over time. How many CPE credits does this ASC 606 Insights Timing course provide? ASC 606 Insights Timing of Revenue Recognition and Principal vs Agent Considerations is a Technical, self study text course in Accounting worth 2.0 CPE credits, requiring a 10 question final exam preceded by 10 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.
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 distinguishing between recognizing revenue over time versus at a point in time as well as principal versus agent considerations.
Usage Rank:	24375
Release:	2024
Version:	1.0
Prerequisites:	None.
Experience Level:	Overview
Additional Contents:	Complete, no additional material needed.
Additional Links:	External: Revenue Recognition: What It Means in Accounting and the 5 Steps Internal: ASC 606 Insights: Contract Identification and Performance Obligations (Course Id 2414) Internal: ASC 606 Insights: Managing Variable Consideration and Modifications (Course Id 2416) External: IRS Notice 2015‑40 - Joint announcement by FASB and IASB on new revenue recognition standards (ASC 606)
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.
Keywords:	ASC 606 Insights: Timing of Revenue Recognition and Principal vs. Agent Considerations - CPE course for CPAs
Learning Objectives:	Chapter 1 Recognizing Revenue Over Time vs. Point in Time Upon completion of this chapter, you will be able to: Identify factors that influence the determination of control transfer in a contract Recognize implications of transferring control over time versus at a specific point in time Distinguish between obligations that satisfy control transfer over time vs. at a point in time Determine the significance of contract terms in assessing when control transfers to a customer Chapter 2 Principal vs. Agent Considerations Upon completion of this chapter, you will be able to: Identify key factors that determine whether an entity acts as a principal or an agent Recognize the impact of principal vs. agent classifications on revenue recognition Determine steps for accurately assessing principal and agent roles in revenue transactions Recognize best practices for conducting principal vs. agent evaluations
Course Contents:	Chapter 1 - Recognizing Revenue Over Time vs. Point in Time Chapter Overview Learning Objectives Introduction Point in Time vs. Over Time Satisfied Over Time Measuring Progress Output Methods Input Methods Satisfied At a Point in Time Conclusion Review Questions Chapter 2 - Principal vs. Agent Considerations Chapter Overview Learning Objectives Introduction Scope Principal Agent Applicable Framework Best Practices for Assessment Case Studies Conclusion Review Questions Glossary of Key Terms

Click to go to: Revenue Recognition CPE | Revenue Recognition Courses

Click to verify BBB accreditation and to see a BBB report.

James C. from MO bought 1 course 3 hours ago. ||| Want A Discount? - Click Here ||| Huiting H. from CA bought 1 course 6 hours ago. ||| Want A Discount? - Click Here ||| Kevin M. from VA bought 1 course 7 hours ago. ||| Want A Discount? - Click Here ||| Lewis F. from TX bought 1 course 7 hours ago. ||| Want A Discount? - Click Here ||| Adam G. from CO bought 1 subscription 8 hours ago. ||| Want A Discount? - Click Here ||| Tyler W. from VA bought 1 course 8 hours ago. ||| Want A Discount? - Click Here ||| Keenan K. from TX bought 1 subscription 8 hours ago. ||| Want A Discount? - Click Here ||| Paul D. from TX bought 1 course 9 hours ago. ||| Want A Discount? - Click Here ||| Shuman W. from OK bought 1 course 23 hours ago. ||| Want A Discount? - Click Here ||| Craig Alan C. from MD bought 1 course 1 day ago. ||| Want A Discount? - Click Here |||

ASC 606 Insights: Timing of Revenue Recognition and Principal vs. Agent Considerations (Course Id 2417)

Author:

Course Length:

CPE Credits:

IRS Credits:

Price:

Passing Score:

Course Type:

Technical Designation:

Field Of Study:

Approved Audience:

Key Takeaways:

Frequently Asked Questions:

Which methods does this course use for measuring progress over time?

Which framework does this course apply for principal versus agent?

Which factors does this course determine for point in time recognition?

How many CPE credits does this ASC 606 Insights Timing course provide?

Description:

Usage Rank:

Release:

Version:

Prerequisites:

Experience Level:

Additional Contents:

Additional Links:

Advance Preparation:

Delivery Method:

Intended Participants:

Revision Date:

NASBA Course Declaration:

Keywords:

Learning Objectives:

Course Contents: