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Tuesday, November 4, 2025 Live Webcast

Revenue Recognition Topic 606 - Identify Performance Obligations Part 2 (X4-6694444)

3:00 PM - 4:18 PM EST
webcast

Vendor Platform

1.4 CPE Credits in AA

OVERVIEW

Properly identifying performance obligations is a critical step in the five-step revenue recognition model. It is a step that must be completed at the inception of the contract and prior to moving on to step three of the model. As discussed in segment one on performance obligations, there are many types and variations of obligations and as such, management will be required to utilize significant judgment when applying this step. However,  it is important that the judgment be supported by considerations of the proper factors.

The course further evaluates areas that impact performance obligations. We utilize multiple examples from various industries to illustrate the considerations that must be evaluated in line with both identifying performance obligations and allocating the transaction price appropriately.  
 

DESIGNED FOR

Accountants, Finance Professionals, Auditors, Internal Auditors

BENEFITS

Explore the concept of revenue recognition related to performance obligations that may involve components such as:

  • Options to purchase additional goods/services
  • Identifying material rights
  • Shipping and handling charges

Identify and examine factors impacting performance obligations including:

  • Principal vs. agent status
  • Warranties
  • Options for additional goods and services
  • Non-refundable up-front fees
  • Stand-ready obligations
  • Rights of returns

HIGHLIGHTS

  • Revenue Recognition
  • Accounting

COURSE LEVEL

Intermediate

PREREQUISITES

Suggested- Revenue Recognition Topic 606 - Identify Performance Obligations Part 1

ADVANCE PREPARATION

None

INSTRUCTOR

Lynn Fountain

Lynn Fountain, CGMA, CRMA, M.B.A.

AICPA

Lynn Fountain, CGMA, CRMA, MBA Overland Park, Kansas Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks. Ms. Fountain has developed and delivered leading edge training sessions on the new COSO framework and has assisted companies in identifying risk gap analysis in their individual processes. She currently executes two highly recognized e-workshops for the Institute of Internal Auditors, one on Fraud and the second on Ethics. Both workshops have incorporate aspects of COSO 2013. Ms. Fountain is in the process of authoring a publication for the IIA Research Foundation on aspects of fraud auditing. The publication is due out in 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas.

PRICING

$39.00 - Member

$59.00 - Nonmember

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Note: Online pre-registration will close on November 4 at 2:30 PM.

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COURSE DEVELOPER

ACPEN