Interpreting the FASB Revenue Recognition Standard: What All CPAs Need to Know

December 30, 2025 12:00pm - 4:00pm

Online/Webcast

4.00 Credits

Member Price $225.00

Non-Member Price $269.00

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Overview

Mastering revenue recognition

It’s crucial to know the key principles of revenue recognition to recognize revenue effectively. You’ll gain an understanding of these key principles by exploring the five-step revenue recognition process.

You’ll learn more about:

Identifying a customer contract

Determining performance obligations

Establishing a transaction price

Allocating the transaction price

Recognizing revenue

Fulfilling performance obligations

Enhancing financial acumen through practical management strategies and real-world examples can significantly improve your organization's ability to excel in revenue recognition practices.

You'll cover several aspects of performance obligations, including:

Identifying distinct goods and services

Implications of promised goods

Complexities associated with shipping and handling activities

Highlights

Revenue recognition overview

Identifying the contract with a customer and performance obligations

Transaction price

Prerequisites

Experience in application of accounting standard

Designed For

Accountants in public practice, industry and academia who need an update on the latest revenue recognition guidance

Objectives

Identify principles and requirements of revenue recognition.
Identify requirements for identifying a contract with a customer.
Determine performance obligations.
Identify requirements for determining and allocating a transaction price.
Identify special considerations for implementing FASB ASC 606 and FASB ASC 340-40.
Identify financial accounting and reporting requirements.