Description
This course, the last in a three-course series, concentrates on the remaining topics in ASC Topic 606, Revenue from Contracts with Customers, such as disclosures along with ASC Topic 340-40, Other Assets and Deferred Costs. The course also reviews and discusses pertinent note disclosures from several publicly traded companies across several industries. Be sure to register for all three parts of this series: Revenue: The Five Steps-Topic 606-10 Revenue: Special Implementation Guide-Topic 606-10-55 Revenue: Miscellaneous Topics
Highlights
• FASB ASC 606, Revenue from Contracts with Customers
• FASB ASC 340-40. Other Assets and Deferred Costs
• All recently released updates to ASC Topic 606
Objectives
• Explain the objective of disclosures under ASC Topic 606
• Explain the elections available to nonpublic entities regarding disclosures under ASC Topic 606
• Illustrate, measure, present and disclose other assets and deferred costs relating to ASC Topic 606
• Review excerpts from a selection of public companies' revenue disclosures
