|
Fee: $575
Estimated CPE Credits: 8 hours
Available Dates and Locations:
|
There are four basic criteria that must be met to recognize revenue. Much has been written as to what they are, but relatively little about how to apply them within a practical framework. This course not only examines the four criteria, but also provides a structure that can be used to dissect the variety of multiple element arrangements companies enter into every day.
Topics:
- SAB 104 vs. SOP 97-2
- The “RevRec” Approach to Multi-Element Arrangements
- define the arrangement
- identify the elements
- separate the elements
- allocate consideration
- meet the criteria
- The Four Criteria
- evidence
- delivery
- fixed or determinable fee
- collectibility
|
|
Objectives: After completing this course, participants will be familiar with the four basic criteria required to recognize revenue and how to apply them to arrangements with customers.
Program Level: Basic
Delivery Method: Group-Live Program
Prerequisites: Participants should have a basic knowledge of financial accounting, and be familiar with how customers order products and services.
Advanced Preparation Required: None is required, but participants are encouraged to bring their real life situations into the discussions. |
