Events Search
  Summary & Check Out (0)

Surgent's ASC 606 Insights: Contract Identification and Performance Obligations (Z1-CIPO-2025-01-SSDL)

100 Minutes
On demand - Audio

On Demand - Audio

2 CPE Credits in AA

OVERVIEW

This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes identifying valid contracts and determining performance obligations.

DESIGNED FOR

Professionals interested in revenue recognition considerations under ASC 606

BENEFITS

  • Identify the criteria for contract validity under ASC 606
  • Recognize complexities in multiple contracts with the same customer
  • Determine the effects of contract modifications on revenue recognition
  • Differentiate between contract cancellations and terminations
  • Identify distinct performance obligations within contracts under ASC 606
  • Recognize the criteria for determining if goods or services are separately identifiable
  • Differentiate between bundled offerings and individual performance obligations
  • Determine the impact of customization on performance obligations in contracts
  • Recognize the impact of changes in customer requirements on performance obligations

HIGHLIGHTS

  • Types of performance obligations
  • Bundled offerings
  • Customizations
  • Modifications to product specifications
  • Requests for additional services
  • Enforceability and payment terms

COURSE LEVEL

Basic

PREREQUISITES

None

PRICING

$49.00 - Member

$69.00 - Nonmember

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

Surgent

AREAS OF INTEREST

Related events

July 22, 2025
Featured
Governmental Accounting & Auditing Conference
July 14, 2025
Applying the Yellow Book to a Financial Statement Audit
July 14, 2025
Introduction to Forensic Data Analytics
July 14-17, 2025
Level I: Basic Staff Training
FIRST
    LAST

      Related content

      article image
      ARTICLE

      Auditing in the Modern Age: Embracing Artificial Intelligence and New Tools

       July 10, 2025
      news image
      NEWS

      AICPA Seeks Comment on Proposed Update to Auditors’ Responsibilities Related to Fraud

       July 7, 2025 Source: AICPA
      news image
      NEWS

      Participate in the Audit Benchmark Survey by Aug. 8

       June 13, 2025 Source: CPA.com
      article image
      ARTICLE

      Accounting for the Future: Consolidation and Evolution in the Accounting Profession

       June 4, 2025
      Related Pages: Accounting & Auditing Knowledge Hub