Revenue Recognition Fundamentals – How to Identify Performance Obligations
Course Description:
This course provides an overview of the second step in the revenue recognition process – the identification of performance obligations. This includes a discussion of key definitions and considerations along with the detailed accounting guidance from ASC 606.
Learning Objectives:
Upon completion of this course, you will be able to:
- List the five steps involved in the new revenue recognition model
- Recognize the criteria involved in identifying performance obligations
- Identify post-implementation issues and considerations provided by the FASB
Course Number:
KC205
NASBA Field of Study:
Accounting
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
January 2025
CPE Credits:
1
Prerequisites:
None
Advanced Preparation:
None
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