Accounting  |  Format: Flash

New Revenue Recognition: ASU 2014-09: Topic 606

Course Overview
This course provides an overview of the five key steps included within the new revenue recognition model. This includes a more thorough analysis of the key factors and issues that should be considered with respect to each of the five steps. This course is the first part in a three part series related to the new revenue recognition standard.

Learning Objectives
After completing this course, the course participant should be able to:

  • Identify the key steps included within the new revenue recognition model
  • Recognize key requirements as it relates to contracts
  • List factors considered when assessing whether goods or services are separately identifiable
  • Recognize key principles related to allocating transaction price and recognizing revenue
    Catalog Number: 99PAI05
    CPE Credits: 1 Registry / 1 QAS
    Author: Stacey Painter
    Advanced Preparation:
    Course Level: Basic
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Jan 19, 2018 / Jan 19, 2022