Revenue Recognition Handbook (RRHB)

Customer Rating
Field of Study
Accounting
Level
Intermediate
Credits
4
Qualifies For
CPE



Price:  $ 39.99

While the effective date of Topic 606 has passed for most entities, there will always be a need for a comprehensive review of the accounting related to revenue recognition, including recent and proposed changes to this guidance. Also, if you are taking advantage of the FASB deferral of Topic 606’s effective date, you are still completing your implementation plan. Whether you are looking to improve your revenue recognition processes, benchmark your financial statement disclosures against your peer group, or assess the impact of changes to your revenue recognition processes due to COVID-19, this course will provide you with the information you need to apply Topic 606 in this current environment.
This course will review the basis Topic 606 five-step model and provide specific implementation guidance and examples. It will cover the presentation and disclosure requirements for Topic 606, including the private company disclosure relief available under Topic 606, and provide disclosure examples as well. It will also discuss the impact on revenue recognition due to changing customer arrangements that many companies made as a result of COVID-19. Lastly, the course will discuss best practices, lessons learned, and ways to improve the recognition of revenue going forward.
Even though Topic 606 is, for the most part, behind us, it is still possible to improve the processes that drive revenue recognition.

Additional information

year

2023

version

01

Credits

4

Company Code

Self Study

Format

On Demand

Yellow Book Approved

0

CFP Approved

0

IRS Approved

0

CTEC Approved

0

Field of Study Credits

Accounting (4)

Field of Study Department

Accounting

Course Version

2023-01

CPE Approved

1

Pre-requistes:

Experience in accounting and auditing

Knowledge Level:

Intermediate

Major Topics:

  • The FASB’s new five-step revenue recognition model, including hands-on examples and illustrations of the new guidance
  • Presentation and disclosure requirements
  • Lessons learned and best practices for improving business processes related to revenue recognition going forward
  • Topic 606, Revenue from Contracts with Customers, including recently issued ASUs impacting Topic 606
  • Accounting considerations related to COVID-19-driven changes to revenue recognition processes

Learning Objectives:

  • The FASB’s comprehensive new revenue recognition standard, Revenue from Contracts with Customers (Topic 606).

     

     

Designed For:

Accounting and auditing practitioners at all levels desiring to understand the FASB’s new revenue recognition guidance