• 5-step process for recognizing revenue
Learning Objectives
This course is intended to familiarize the learner with the core principles of revenue recognition from contracts with customers. When you complete this course, you will be able to: • Recognize principles of FASB ASC 606.
• Recognize requirements for identifying a contract under FASB ASC 606.
• Recognize performance obligations under FASB ASC 606.
• Recognize requirements for determining a transaction price under FASB ASC 606.
• Recognize requirements for allocating a transaction price under FASB ASC 606.
Major Topics
• 5-step process for recognizing revenue