Deep Dive into Revenue Recognition & LeasingCode: 25-DEEP

Price: $79.00
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Course Details

126 pages

Course Overview

This course provides a detailed overview of the key principles and requirements with respect to revenue recognition and leasing transactions. Both of these areas witnessed substantial changes made in years past by the FASB. This course takes a quick trip down memory lane to explore how both of these standards evolved, and then takes the user down a detailed path of understanding the key financial reporting requirements of each.

Learning Objectives

Upon completion of this, you will be able to:

  •  Recognize how the new revenue recognition standards were developed between the FASB and IASB
  •  List the five steps involved in the new revenue recognition model
  •  Recognize the considerations involved in identifying whether a contract exists
  •  Identify the considerations involved with measuring the transaction price
  •  Recognize the steps involved in allocating the transaction price to performance obligations
  •  Identify presentation issues with respect to contract assets and contract liabilities
  •  Understand the overall disclosure requirements and transition methods related to the new standards
  •  Recognize key amendments from ASUs issued subsequent to the initial release of the new revenue recognition standards

Presentation Method:  Self-Study

Category:  Accounting

CPE credit:  8 Hours

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

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Easy to follow
Good information presented in a logical manner
Trina Mahoney
08/15/2024
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The course was thorough and easy to understand. I went away with an ample understanding/knowledge of the subject matter.
Valerie
10/20/2023
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Easy to understand
Simple, but easy to understand hot topics with completeness
Takashi
01/16/2023
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Lease Accounting & Reporting -- What You Need to Know
Worthwhile
11/21/2022
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