QAS Self-Study
Overview
CPE Credits
4 Credits: Accounting
Course Description
This course provides an overview of the new revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) issued in May 2014. The new standards are effective for public business entities for annual reporting periods after December 1, 2017, including interim periods within that reporting period. For calendar year public filers, these entities will need to implement the new standards starting in 2018.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Recognize how the new revenue recognition standards were developed between the FASB and IASB
Chapter 2
- Identify the five steps involved in the new revenue recognition model
- Recognize the steps involved in allocating the transaction price to performance obligations
- Identify the considerations involved with measuring the transaction price
- Recognize the considerations involved in identifying whether a contract exists
Chapter 3
- Identify presentation issues with respect to contract assets and contract liabilities
- Understand the overall disclosure requirements and transition methods related to the new standards
Chapter 4
- Recognize key amendments from ASUs issued subsequent to the initial release of the new revenue recognition standards
Course Specifics
|
Course ID 1213559 |
Revision Date February 16, 2023 |
Number of Pages 87 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
Course Instructor
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
Revenue Recognition Principles
$116.00 – $136.00
QAS Self-Study
Overview
CPE Credits
4 Credits: Accounting
Course Description
This course provides an overview of the new revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) issued in May 2014. The new standards are effective for public business entities for annual reporting periods after December 1, 2017, including interim periods within that reporting period. For calendar year public filers, these entities will need to implement the new standards starting in 2018.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Recognize how the new revenue recognition standards were developed between the FASB and IASB
Chapter 2
- Identify the five steps involved in the new revenue recognition model
- Recognize the steps involved in allocating the transaction price to performance obligations
- Identify the considerations involved with measuring the transaction price
- Recognize the considerations involved in identifying whether a contract exists
Chapter 3
- Identify presentation issues with respect to contract assets and contract liabilities
- Understand the overall disclosure requirements and transition methods related to the new standards
Chapter 4
- Recognize key amendments from ASUs issued subsequent to the initial release of the new revenue recognition standards
Course Specifics
|
Course ID 1213559 |
Revision Date February 16, 2023 |
Number of Pages 87 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
Course Instructor
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
Revenue Recognition Principles
$116.00 – $136.00