Surgent's Revenue Recognition - U.S. GAAP vs. IFRS
Available Anytime
Location:
Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$44.00 Regular Price
Product Code: SU24-RRGI-SSDL
Level: Basic
Vendor: Surgent
Field of Study: Accounting
Overview:
This course provides an overview of the similarities and key differences between the revenue recognition standards issued by the FASB (ASC Topic 606) and the IASB (IFRS 15). While these standards are materially similar as the regulators worked jointly to issue the new converged standards, there are notable differences that are good to understand. However, this course is not intended to provide an exhaustive discussion of these differences.Objectives:
- List the key steps in the revenue recognition model
- Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition
- Identify some of the key differences between ASC Topic 606 and IFRS 15
Major Topics:
- Key principles of Revenue Recognition
- Performance obligations in the Contract
- Noncash considerations
- Presentation of sales taxes
- Impairment reversal of capitalized contract costs
- Interim disclosures
Designed For:
Accounting professionalsPrerequisite:
NoneAdditional Info:
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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.