Surgent's Hot Topics Related to ASC 606

Available Anytime

Location: Online

1Credits

Accounting and Auditing

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$64.00 Regular Price

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Product Code: SU24-RRU1-SSWC

Level: Update

Vendor: Surgent

Field of Study: Accounting

Overview:

While the effective date for ASC 606 is past for most entities, the challenges of applying the new revenue recognition guidance will undoubtedly continue for a while. In this course, we'll review both issued and proposed ASUs related to ASC 606 and review the disclosure requirements for non-public business entities under ASC 606. Next, as many entities made changes to their policies and approaches to revenue recognition as a result of COVID-19, we'll review some of the common accounting challenges that companies face as a result of these changes. Lastly, we'll explore ways that many companies have improved their revenue recognition process as a result of ASC 606 adoption.

Objectives:

Recall recent FASB updates related to ASC 606
Recall the disclosure requirements for non-public business entities related to ASC 606
Identify potential changes in the application of ASC 606 related to COVID-19

Major Topics:

New and proposed FASB ASUs related to ASC 606
ASC 606 disclosure requirements and examples for non-public business entities
Impact of applying ASC 606 due to COVID-19

Designed For:

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters' activities

Prerequisite:

Experience in accounting and attestation

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.