Description
Applying Topic 606 in an environment of uncertainty can be especially challenging. This course discusses the proper application of the revenue recognition model when facts and circumstances are changing.
Major Topics:
- Identifying contracts with customers
- Defining performance obligations to the customer, including when multiple obligations are involved
- Determining the total transaction, including noncash and long-term financing considerations
- Allocating the transaction price and recognizing revenue as performance obligations are satisfied
Who Should Attend:
Anyone responsible for preparing or attesting upon financial statements.
