Revenue Recognition - Fundamentals  

This course covers revenue recognition guidance of FASB ASC 606, including issues concerning the five steps required to recognize revenue, combining and modifying contracts, and the implementation of the revenue procedures. The content further presents topics including other presentation matters, contract costs, and disclosures requirements surrounding revenue recognition in accordance with U.S. GAAP. This course provides guidance on the steps required to recognize revenue, recognition of performance obligations satisfied over time or at a point in time, understanding when contracts should be combined, and identifying how contract modifications affect revenue recognition. This course is most beneficial to professionals new to revenue recognition who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to revenue recognition.