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CCIFP Overview Seminar - Revenue Recognition

$55.00
Member price: $35.00

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This session teaches the US GAAP Revenue Recognition standard (ASC 606) and how the information impacts overall financial results and reporting. Attendees will understand the appropriate US GAAP revenue recognition methodologies and concepts.

Learning Objectives

Comprehend the definition of a contract under ASC 606.
Identify performance obligations and determine transaction price.
Understand revenue recognition methodology, including point in time and over time.
Understand significant judgments required by ASC 606 (i.e. contract modifications variable consideration, contract cost assets, overall loss recognition, etc.)

Prerequisites

This is an Overview level recording that was developed for construction finance professionals with at least three years of industry experience.

Course Length

The estimated time to complete the course is approximately 50 minutes, depending on the pace of the learner.

Who Should Attend:

Business Owners, CFOs, Construction Financial Professionals, Contractors, Controllers, CPAs, Professional Advisors, Risk Managers, Subcontractors