Purchase Course

Revenue from Contracts with Customers - Overview   

1

Total CPE
Tuition
0
Approximate Length
00:50:00
Course Number
17-WB-105
1

Total CPE
Tuition
0
Approximate Length
00:50:00
Course Number
17-WB-105

Course Details

Revenue from Contracts with Customers – Overview is the first in a series of four revenue recognition courses designed to provide participants an overview of the final revenue recognition standard (ASC Topic 606). Topics include:

  • Overview of the standard, including effective date, transition, and scope
  • Examples of potential changes to current practice
  • Business impacts

By the end of this course, you should be able to:

  • Define the scope of ASC Topic 606 and recall the Five-Step Model, effective date, and transition approaches.
  • Identify some of the potential changes to current practice.
  • Identify the implications of ASC Topic 606 on your company’s business.

Keywords: revenue recognition standard; FASB; ASU 2014-09; Topic 606; ASC 606; Five step model; Business considerations; Transition method; Transition approach timeline; Implementation; Next steps; Accounting

Other Details

Special Notice/Instruction: This free featured CPE course is available for a limited time at no cost.

Federal, state, and local laws restrict KPMG from offering free courses to government officials and employees. Such interested parties are welcome to take this course if payment is made at the time of registration. Contact KPMG Executive Education for assistance.

CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.


Level of Knowledge: Overview
Field of Study: Accounting -1
Delivery Method: Web Based Self Study

Revenue from Contracts with Customers – Overview is the first in a series of four revenue recognition courses designed to provide participants an overview of the final revenue recognition standard (ASC Topic 606). Topics include:

  • Overview of the standard, including effective date, transition, and scope
  • Examples of potential changes to current practice
  • Business impacts

By the end of this course, you should be able to:

  • Define the scope of ASC Topic 606 and recall the Five-Step Model, effective date, and transition approaches.
  • Identify some of the potential changes to current practice.
  • Identify the implications of ASC Topic 606 on your company’s business.

Keywords: revenue recognition standard; FASB; ASU 2014-09; Topic 606; ASC 606; Five step model; Business considerations; Transition method; Transition approach timeline; Implementation; Next steps; Accounting

Special Notice/Instruction: This free featured CPE course is available for a limited time at no cost.

Federal, state, and local laws restrict KPMG from offering free courses to government officials and employees. Such interested parties are welcome to take this course if payment is made at the time of registration. Contact KPMG Executive Education for assistance.

CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.


Level of Knowledge: Overview
Field of Study: Accounting -1
Delivery Method: Web Based Self Study