For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. Today, we have FASB ASC 606, a new standard which is critical to understand before it can be successfully implemented.
Supported by practical examples, industry specific real-life scenarios, and more than a dozen exercises, this self-study course will assist you in avoiding revenue recognition traps and provide you with the latest FASB guidance. You’ll gain an in-depth understanding of the revenue recognition framework that’s built around the core principles of this new five-step process. And, you'll gain a better understanding of the changes in disclosure requirements.