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 identifying valid contracts, determining performance obligations, assessing variable consideration, and distinguishing between recognizing revenue over time versus at a point in time. The course also covers principal versus agent considerations, accounting for contract modifications, licensing arrangements, and disclosure requirements.

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify the criteria for contract validity under ASC 606
•    Recognize complexities in multiple contracts with the same customer
•    Determine the effects of contract modifications on revenue recognition
•    Differentiate between contract cancellations and terminations
•    Identify distinct performance obligations within contracts under ASC 606
•    Recognize the criteria for determining if goods or services are separately identifiable
•    Differentiate between bundled offerings and individual performance obligations

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. 

A course evaluation form is provided for your feedback, upon course completion. Participants have 1 year from the date of purchase/enrollment to complete this course 

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/