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| 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: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2417 |
| 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 : | 31667 |
| 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 : | 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 - 2417 |
| Keywords : | Accounting, ASC, 606, Insights, Timing, Revenue, Recognition, Principal, vs, Agent, Considerations, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
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| 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 |
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