Revenue Recognition
Clarify complex revenue accounting issues by mastering the five-step framework in Topic 606. This course explains how to identify contracts, determine performance obligations, set and allocate transaction prices, and recognize revenue appropriately. You will also address variable and noncash consideration, discounts, price changes, consignments, licensing, repurchase agreements, and disclosure requirements, building a structured approach to resolving challenging revenue recognition scenarios.
Format
PDF Course
Course Lists
Duration
4 Hours
Course Information
Author: Steven Bragg
Course Number: AC1074
Table of Contents
Chapter 1. Revenue Recognition
Chapter 2. Other Revenue Topics
Chapter 3. Revenue Presentation and Disclosure
Chapter 4. Management of Revenue Recognition
Learning Objectives
- Identify the evaluation criteria for a contract, the components of the transaction price, and when a contract modification triggers treatment as a new contract.
- Recognize the accounting treatment pertaining to customer acceptance clauses, rights to acquire additional goods, donations, asset repurchases, and breakage.
- Recognize the situations under which contract liabilities occur, and when disaggregation is used.
- Specify the methods used to control which third parties are recognized as customers, and to control the use of justification documents for standalone pricing.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: March 2026
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
