Surgent's Surging Auditors: Revenue Rush

Available Anytime
Location: Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
$49.00 Regular Price
Nonmembers
$64.00 Regular Price
Product Code: SU24-SAU5-SSDL
Level: Basic
Vendor: Surgent
Field of Study: Accounting

Overview:

Stepping into the shoes of an outside technical consultant, each participant must perform an ASC 606 assessment for Quality Tiles, Inc. (QTI), a company recently acquired by Home D‚cor and More, Inc. (HDM). HDM management needs to ensure the company is in compliance with GAAP related to revenue recognition before the next board meeting. Participants will meet with GTI's controller and must strategically ask the right questions. Based on the information received, they will apply guidance in ASC 606, which can be complex, to a series of revenue recognition considerations to determine if revenue is being recognized appropriately.

Objectives:

  • Recall the key elements of the 5-step revenue recognition approach under ASC 606
  • Identify the key information necessary to assess revenue recognition under ASC 606
  • Assess the appropriateness of revenue recognition approaches

Major Topics:

  • Application of ASC 606 to contractual situations
  • Identifying key information necessary to apply ASC 606
  • Assessing compliance with the guidance of ASC 606

Designed For:

Accounting and auditing practitioners who are beginning their careers in public accounting

Prerequisite:

None

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.