Surgent's Surging Auditors: Revenue Rush
Available Until
Self-study
1.00 Credits
Member Price $49.00
Non-Member Price $79.00
Overview
Stepping into the shoes of an outside technical consultant, each participant must perform an ASC 606 assessment for Quality Tiles, Inc. (QTI), a company recently acquired by Home D‚cor and More, Inc. (HDM). HDM management needs to ensure the company is in compliance with GAAP related to revenue recognition before the next board meeting. Participants will meet with GTI’s controller and must strategically ask the right questions. Based on the information received, they will apply guidance in ASC 606, which can be complex, to a series of revenue recognition considerations to determine if revenue is being recognized appropriately.
Highlights
- Application of ASC 606 to contractual situations
- Identifying key information necessary to apply ASC 606
- Assessing compliance with the guidance of ASC 606
Prerequisites
None
Designed For
Accounting and auditing practitioners who are beginning their careers in public accounting
Objectives
- Recall the key elements of the 5-step revenue recognition approach under ASC 606
- Identify the key information necessary to assess revenue recognition under ASC 606
- Assess the appropriateness of revenue recognition approaches
Preparation
None
Notice
This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education. The course expires one year from the purchase date. Format = on demand webcast to view with the course materials.
Non-Member Price $79.00
Member Price $49.00