Instructor for this course

This course is meant to complement the course that evaluates all aspects of the five steps to revenue recognition (ASC 606).  The course “Complying with the Revenue Recognition Standard” examines the five-step model outlined in the standard that organizations must utilize when recognizing revenue. The new revenue recognition standard applies to all companies.

This course delves into step two of the revenue recognition process relating to performance obligations. Identifying performance obligations requires having a detailed understanding of the contract, deliverables, promises and contract timing.  It involves being able to distinguish between distinct and non-distinct goods and services to identify whether one or more performance obligations exist.  This task involves significant judgment and requires specific considerations be applied to properly identify the performance obligations. 

Other aspects relating to performance obligations that will be discussed within this segment are the concepts of measuring progress over a period of time and identifying how to recognize revenue over a period of time.  This segment also evaluates how to recognize revenue related to intellectual property.

This course is the first of two that evaluate performance obligations.  Part two will examine elements surrounding factors that impact performance obligations and examining how to handle up-front fees or stand-alone offers.

The course utilizes many examples from numerous industries to enhance learning of the various concepts.

Learning Objectives

  • Explore requirements behind step two of the revenue recognition standard “performance obligations”.
  • Recognize the differences between distinct and non-distinct goods/services.
  • Examine examples of both distinct and non-distinct goods/services.
  • Identify how to measure progress over a period of time.
  • Identify how to recognize revenue over a period of time.
  • Explore the processes used for intellectual property.

2 Reviews (9 ratings)Reviews

Member's Profile
The audio wasn't not very clear, I had to turn up my speaker very high. I like the knowledge review test and this was consistent throughout the webinar.
Member's Profile
Relevant examples and detailed explanations. Really helpful for refreshing on rev rec.


Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
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 .
Course Syllabus
  2:15Introduction to Revenue Rec: Considerations for Performance Obligations Part 1
  8:46Performance Obligation
Performance Obligations
  7:37Distinct Goods/Services
  11:17Example of Distinct Services
  2:20Determination of Distinct vs. Non-Distinct
  3:10Revenue Recognition Over a Period of Time
  4:56Measuring Progress Towards Completion
  3:54Activities That Do Not Transfer Goods/Services
  6:06Test Your Knowledge
  1:03:16Revenue Rec: Considerations for Performance Obligations Part 1
  PDFSlides: Revenue Rec: Considerations for Performance Obligations Part 1
  PDFRevenue Rec: Considerations for Performance Obligations Part 1 Glossary/Index