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Revenue Recognition - Recognize Revenue

 Various
 
1.0
Registration is Open
Member Price
$39.00 Regular Registration
Your Price
$59.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Wed, 06/25/2025 from 3:00 pm to 4:04 pm
 Thu, 07/03/2025 from 5:00 pm to 6:04 pm
 Mon, 07/21/2025 from 9:00 am to 10:04 am
 Mon, 08/04/2025 from 11:00 am to 12:04 pm
 Thu, 08/21/2025 from 1:00 pm to 2:04 pm
 Mon, 09/08/2025 from 3:00 pm to 4:04 pm
 Thu, 09/18/2025 from 5:00 pm to 6:04 pm
 Tue, 10/07/2025 from 7:00 pm to 8:04 pm
 Fri, 10/17/2025 from 11:00 am to 12:04 pm
 Tue, 11/04/2025 from 1:00 pm to 2:04 pm
 Mon, 11/17/2025 from 3:00 pm to 4:04 pm
 Fri, 12/05/2025 from 5:00 pm to 6:04 pm
 Wed, 12/17/2025 from 9:00 am to 10:04 am
Designed For:

Accountants, Finance Professionals, Auditors, Internal Auditors

Prerequisite:

Suggested - Revenue Recognition Overview

This segment is designed to evaluate Step Five of the new model dealing with recognizing revenue which is the final step in applying the new revenue recognition standard. For performance obligations that are fulfilled at a point in time, revenue is recognized at the fulfillment of the performance obligation. For performance obligations to be satisfied over time, an entity must decide how to appropriately measure the progress and completion of the performance obligation. A performance obligation is satisfied when or as control of the good or service is transferred to the customer. There are several issues companies should consider in applying step 5 of the standard:

•   Determining if a Performance Obligation is satisfied over time
•   Identifying indicators of transfer of control of good/services
•   Utilizing input and output methods to measure progress of revenue recognition
•   Understanding stand-ready obligations and how to apply discounts

Delivery Method: Individual webcast
CPE Credit: Accounting
Program Level: Intermediate

Sponsors

For Technical Support: 
Please contact the ACPEN Help Desk at (877) 602-9877, [email protected]   or visit https://vscpa.acpen.com/Support/. The Help Desk is available by phone 24/7, 365 days a year. Allow 1 business day for email

Objectives

  • Explore step five:  recognize revenue
  • Identify how to recognize revenue satisfied over a period of time
  • Identify criterion – simultaneous receipt and consumption
  • Identify criterion two – creation or enhancement of an asset controlled by the customer
  • Identify criterion three to recognize revenue over a period of time alternative use asset
  • Explore an alternative use asset example
  • Explore how to recognize revenue over a period of time
  • Explore how to manage revenue satisfied at a point in time
  • Explore how to measure progress of performance obligations and properly recognize revenue
  • Identify restrictions for measuring progress
  • Identify principles for measuring progress

Speakers

Advanced Preparation

Suggested - Other Revenue Recognition Courses in this Series

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.