CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Revenue Recognition – How to Identify Performance Obligations

Individual
Teams

$29.00$49.00

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CPE Credits

1 Credits: Accounting
Course Level
Overview
Format
Self-Study

Course Description

This course provides an overview of the second step in the revenue recognition process – the identification of performance obligations.  This includes a discussion of key definitions and considerations along with the detailed accounting guidance from ASC Topic 606.  This course incorporates excerpts from the FASB’s basis for conclusions as well as post-implementation information provided by the FASB from its comprehensive Q&A Publication.

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Learning Objectives

Upon completion of this course, you will be able to:

  • List the five steps involved in the new revenue recognition model
  • Recognize the criteria involved in identifying performance obligations
  • Identify post-implementation issues and considerations provided by the FASB
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Course Specifics

Course ID
ss1223596
Revision Date
June 6, 2022
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
30

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s Journal of Accountancy. Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple …