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Revenue Recognition Topic 606 - Identify Performance Obligations Part 2

 Various
 
1.4
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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.
 Thu, 07/03/2025 from 9:00 am to 10:18 am
 Mon, 07/21/2025 from 11:00 am to 12:18 pm
 Mon, 08/04/2025 from 1:00 pm to 2:18 pm
 Thu, 08/21/2025 from 3:00 pm to 4:18 pm
 Mon, 09/08/2025 from 5:00 pm to 6:18 pm
 Thu, 09/18/2025 from 9:00 am to 10:18 am
 Tue, 10/07/2025 from 11:00 am to 12:18 pm
 Fri, 10/17/2025 from 1:00 pm to 2:18 pm
 Tue, 11/04/2025 from 3:00 pm to 4:18 pm
 Mon, 11/17/2025 from 5:00 pm to 6:18 pm
 Fri, 12/05/2025 from 9:00 am to 10:18 am
 Wed, 12/17/2025 from 11:00 am to 12:18 pm
Designed For:

Accountants, Finance Professionals, Auditors, Internal Auditors

Prerequisite:

Suggested- Revenue Recognition Topic 606 - Identify Performance Obligations Part 1

Properly identifying performance obligations is a critical step in the five-step revenue recognition model. It is a step that must be completed at the inception of the contract and prior to moving on to step three of the model. As discussed in segment one on performance obligations, there are many types and variations of obligations and as such, management will be required to utilize significant judgment when applying this step. However,  it is important that the judgment be supported by considerations of the proper factors.

The course further evaluates areas that impact performance obligations. We utilize multiple examples from various industries to illustrate the considerations that must be evaluated in line with both identifying performance obligations and allocating the transaction price appropriately.  
 

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 concept of revenue recognition related to performance obligations that may involve components such as:

  • Options to purchase additional goods/services
  • Identifying material rights
  • Shipping and handling charges

Identify and examine factors impacting performance obligations including:

  • Principal vs. agent status
  • Warranties
  • Options for additional goods and services
  • Non-refundable up-front fees
  • Stand-ready obligations
  • Rights of returns

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.