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Revenue Recognition Topic 606 Contract with Customers - Identify the Contract Part 2

 Various
 
1.2
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.
 Fri, 06/20/2025 from 5:00 pm to 6:09 pm
 Wed, 07/02/2025 from 9:00 am to 10:09 am
 Thu, 07/17/2025 from 11:00 am to 12:09 pm
 Fri, 08/08/2025 from 1:00 pm to 2:09 pm
 Wed, 08/27/2025 from 3:00 pm to 4:09 pm
 Thu, 09/04/2025 from 5:00 pm to 6:09 pm
 Mon, 09/22/2025 from 9:00 am to 10:09 am
 Wed, 10/08/2025 from 11:00 am to 12:09 pm
 Mon, 10/20/2025 from 1:00 pm to 2:09 pm
 Mon, 11/03/2025 from 3:00 pm to 4:09 pm
 Fri, 11/21/2025 from 5:00 pm to 6:09 pm
 Tue, 12/09/2025 from 9:00 am to 10:09 am
Designed For:

Accountants, Finance Professionals, Auditors, Internal Auditors

Prerequisite:

Suggested Revenue Recognition - Identify the Contract Part 1

This course is a continuation of discussion over Step One in the revenue recognition process of Identify the Contract. Specifically, this session delves further into the considerations surrounding contract modifications, change orders, unpriced change orders, cancelations, non-finalized changes and accounting treatment when a contract does not exist.

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 the components and requirements around contract modifications
  • Identify methods to determine contract modification status
  • Explore accounting considerations for contract modifications
  • Identify methods to account for unpriced change orders
  • Explore modifications that fall under the cumulate catch-up accounting rules
  • Explore accounting for non-finalized contract changes
  • Explore accounting for contract cancelations
  • Identify accounting treatment when it is determined a contract does not exist
  • Explore the concept of contract combinations

Speakers

Advanced Preparation

None

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.