Interpreting the New Revenue Recognition Standard

Overview

Do you know which contracts are within the scope of FASB Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, and when revenue should be recognized according to this standard? This course answers those questions by providing a basic understanding of the five-step process for recognizing revenue under FASB ASC 606. This course addresses core principles, supported by practical examples, that all CPAs need to know. Updates to this course include the latest guidance from FASB, with industry-specific examples from the AICPA Audit and Accounting Guide Revenue Recognition.