Revenue: ASC Topic 606 in Depth 2024
8.00 Credits
Member Price $299
Non-Member Price $399
Overview
This course provides in-depth coverage of ASC Topic 606, Revenue from Contracts with Customers. Since ASC Topic 606, Revenue from Contracts with Customers has now been adopted by most entities, it is time to review the topic, including any recently issued updates. Excerpts from publicly traded companies’ recent disclosures on Revenue are also reviewed and discussed.
Highlights
- FASB ASC 606, Revenue from Contracts with Customers
- FASB ASC 340-40, Other Assets and Deferred Costs
- All recently released updates to FASB ASC 606, Revenue from Contracts with Customers
Prerequisites
None
Designed For
CPAs, auditors, consultants, and financial and management professionals.
Objectives
- Identify how to report the treatment of revenue from contracts with customers (ASC Topic 606), with examples drawn from the illustrative guide
- Identify recently released updates to ASC Topic 606
- Explain the elections available to nonpublic entities regarding disclosure under ASC Topic 606
- Illustrate, measure, present and disclose other assets and deferred costs relating to ASC Topic 606
- Review excerpts from a selection of public companies' revenue disclosures
Preparation
None
Leader(s):
Leader Bios
Bobbe Barnes, AICPA
Bobbe Barnes is an educator and consultant with many years of professional experience in IFRS, US GAAP, and certification training around the world. She recently completed nine years overseas working in emerging economies, where she led the team that developed the Certified International Professional Accounting certificate program, comprising training courses and examinations. Bobbe has worked in many countries and regions including the USA, Africa, Central & Eastern Europe, Central Asia, Mongolia, Russia, Ukraine, Middle East, and Far East including China, Indonesia, Malaysia, Thailand, and South Korea. Bobbe is a Certified Public Accountant (CPA), a Certified Management Accountant (CMA), and a Certified Government Financial Manager (CGFM). In addition, she is active in the Institute of Management Accountants, having served on the Board of Directors and the standing Committee on Ethics.
Just recently she was a keynote speaker at the International Accounting and Auditing Conference in Tashkent, Uzbekistan, and a speaker at the fifth annual Middle East IFRS and Accounting Summit in Dubai, where she also conducted a full day workshop on Financial Instruments.
Non-Member Price $399
Member Price $299