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Kelen Camehl, CPA
Kelen Camehl is a recognized author and reviewer of CPE courses and has authored nearly 200 CPE credit hours of courses on a range of accounting, auditing, financial reporting, regulatory, and ethics topics.
This instructor has 16 courses »To Access This Course:
This course provides an overview of the revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 606.
This course focuses specifically on the five-step model for revenue recognition including identifying a contract, identifying performance obligation, determining the transaction price, allocating the transaction price to performance obligations, and recognizing revenue.
Learning Objectives
- Explore and list the five steps involved in the new revenue recognition model.
- Recognize the considerations involved in identifying whether a contract exists.
- Identify the considerations involved with measuring the transaction price.
- Recognize the steps involved in allocating the transaction price to performance obligations.
Last updated/reviewed: June 24, 2021
13 Reviews (40 ratings)Reviews
Anonymous
()
This course provides an overview of the revenue recognition standards prescribed by the Financial Accounting
Standards Board (FASB) in ASC Topic 606. This course focuses specifically on the five-step model for revenue
recognition including identifying a contract, identifying performance obligation, determining the transaction
price, allocating the transaction price to performance obligations, and recognizing revenue.
Anonymous
()
Good, efficient course. I really like the text-based courses; the materials were thorough and I was able to gain a full understanding of the five step process to revenue recognition. The materials were well written and easily understandable as well.
Anonymous
(Director of SEC Reporting)
A pretty good summary of the new revenue recognition, ASC 606's 5-steps process. It covers most of the important points in only 29 pages course material as compared to many more pages of related guidance form big 4 accounting firms.
Anonymous
()
This was my first course on illumeo and I was not expecting it to be PDF. But really enjoyed reading through it at my own pace and going back and reviewing areas I wasn't 100% confident on.
Anonymous
(Owner)
in the interest of full disclosure I took this gentlemen's 4 hour RevRec course and use this test as a 'reminder' opportunity. Clearly the authors approach stuck.
Sean Flynn
(Accounting Manager at Rosemawr Management)
My first text course, and I enjoyed it more than I thought I would. Well written and thorough, it's good material that I will use almost immediately in practice.
Ross Connor
( at HVAC Incorporated)
I like the written courses. Mr. Camehl does a great job of putting together great documents to draw upon and glean necessary information from.
Anonymous
(Internal Audit)
Thank you for a great course on the new revenue recognition standards. It is nice having everything in an easy to reference PDF.
Anonymous
(Sr Financial Reporting Analyst)
Outstanding coverage of the ASC 606 topic. Comprehensive, well laid-out and easy to follow. Highly recommended.
Anonymous
(Senior Accounting Spec)
A very thorough and well-explained review of the concepts involved in the process.
Anonymous
(Director, Governance)
Great text class - very thorough materials that are easy to follow.
Anonymous
()
I enjoyed the course, and found the information very informative.
Maddison Lopez
(Finance Manager at KB Home)
This is good material and final exam for CPE credit.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .