0
| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 45 ||| Review Questions: 13 ||| Final Exam Questions: 20 |
| CPE Credits : | 4.0 |
| IRS Credits : | 0 |
| Price : | $35.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1716 |
| Description : | This course provides an overview of the new revenue recognition standard prescribed by the Financial Accounting Standards Board (FASB) issued in May 2014. The new standards are effective for public business entities for annual reporting periods after December 1, 2017, including interim periods within that reporting period. For calendar year public filers, these entities implemented the new standards starting in 2018. |
| Usage Rank : | 0 |
| Release : | 2023 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Revenue Recognition
|
| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 02-Mar-2023 |
| 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 - Technical - NASBA Registry - 1716 |
| Keywords : | Accounting, Revenue, Recognition, Principles, v13, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
|
| Course Contents : | Chapter1 - Revenue Recognition Principle Course Learning Objectives Course Overview Introduction Why the Change in the Revenue Recognition Standards Evolution of the Revenue Recognition Standard Scope of the New Revenue Recognition Standards The Main Provisions Review Questions Step 1: Identify the Contract(s) with a Customer Step 2: Identify the Performance Obligations in the Contract Review Questions Step 3: Determine the Transaction Price Step 4: Allocate Transaction Price to Performance Obligations Review Questions Step 5: Recognize Revenue When (or as) the Entity Satisfies a Performance Obligation Financial Statement Presentation Issues Disclosure Requirements Transition Guidance Review Questions Recent Developments Review Questions Glossary of Key Terms |
Login/Register