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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: November 17, 2020
8 Reviews (28 ratings)Reviews
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.
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 .