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Surgent's ASC 606 Insights: Licensing Revenue and Financial Statement Disclosures

 Currently available
 
2.0
26 / S-60424
Registration is Open
Member Price
$49.00 Regular Registration
Your Price
$51.00 Regular Registration
Designed For:

Professionals interested in revenue recognition under ASC 606

Prerequisite:

None

This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes licensing arrangements, with an emphasis on how to recognize revenue from agreements that grant customers rights to use or access intellectual property. This course also addresses the requirements and challenges with respect to financial statement disclosures.

Delivery Method: Download
CPE Credit: Accounting
Program Level: Basic

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Objectives

  • Identify criteria for determing whether a license is distinct under ASC 606
  • Distinguish between licenses that grant a right to use IP and those that grant a right to access IP
  • Recognize the differences between functional and symbolic IP
  • Determine when revenue should be recognized for licenses involving functional IP
  • Identify the timing of revenue recognition disclosures based on ASC 606 guidelines
  • Recognize required disclosures about contract nature and revenue policies

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.