Learn the five-step process for recognizing revenue under FASB ASC 606. This session will address core principles that all CPAs need to know.
1) Identifying a contract with a customer
2) Determining the performance obligations
3) Determining a transaction price
4) Allocating a transaction price
5) Recognizing revenue
Accountants and finance professionals in public practice, industry and academia
Experience in the application of accounting standards
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