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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 16 ||| Word Count: 6496 ||| Review Questions: 4 ||| Final Exam Questions: 5 |
CPE Credits: |
1.0 |
IRS Credits: |
0 |
Price: |
$12.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course addresses the second step in the revenue recognition process under ASC 606, identifying performance obligations within a contract.
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Frequently Asked Questions: |
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Description: |
This course provides an overview of the second step in the revenue recognition process – the identification of performance obligations. This includes a discussion of key definitions and considerations along with the detailed accounting guidance from ASC 606. |
Usage Rank: |
20769 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Revenue Recognition
Internal: Revenue Recognition: Practical Guide (Course Id 2178)
Internal: Revenue Recognition Fundamentals - Assessing and Analyzing Contracts
External: IRS Publication on Continuing Professional Education (CPE) training for Examination Revenue Agents
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
15-Apr-2025 |
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: |
Revenue Recognition Fundamentals - How to Identify Performance Obligations - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, you will be able to:
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Course Contents: |
Chapter 1 - Revenue Recognition Fundamentals - How to Identify Performance Obligations Course Learning Objectives Course Overview Introduction Contract Identification Identifying Performance Obligations Promised Goods or Services Review Questions Post-Implementation Issues Options and Material Rights Pre-Production Activities Product Warranties Optional Purchases Franchisor Considerations Conclusion Review Questions Glossary of Key Terms |
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