Revenue: Recognize Revenue (Step 5 of ASC 606)
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Description
Now that you’ve been introduced to the 5-step model within ASC 606, Revenue from Contracts with Customers, it’s time to take your learning to the next level! In this CPE-eligible, eLearning course (1.0 CPE), we dive into the last step (step 5), recognizing revenue.
The last step of the 5-step model is to recognize revenue when (point in time) or as (over time) the entity satisfies a performance obligation. But how does an entity know when to recognize revenue? Don't worry, we cover the answer to this question and other important considerations as it relates to recognizing revenue under step 5 in this interactive online course.
This course is included in the following collections:
Learning Objectives
- Identify whether revenue should be recognized over time or at a point in time, including the requirements for measuring progress
- Recall other considerations of recognizing revenue
Additional Information
| Last Updated | 11/08/2023 |
|---|---|
| CPE Credit | 1 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
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