The new Accounting Standards Codification (ASC) Topic 606 (ASC 606) makes sweeping changes to the entire revenue recognition model. This course addresses the new revenue standard and its related updates, and provides guidance to nonpublic (private) entities who are required to implement the standard starting in 2019 or 2020.
Topics include an overview of the new standard and its core principle, an analysis of each of the five steps required in the revenue model, and examples designed to aid in understanding the new standard.
Course Prerequisite: None
Course Level: Overview
Field of Study: Accounting
Course Format: Text
Recommended CPE Credit: 8 hours