Revenue Recognition in an Environment of Uncertainty

Overview

Applying Topic 606 in an environment of uncertainty can be especially challenging. This course will discuss the proper application of the revenue recognition model when facts and circumstances are changing.

Highlights

• Alternatives to adopting Topic 842
• Short-term lease and related-party leasing arrangements
• Identifying lease agreements under the new rules
• Proper treatment of lease incentives, leasehold improvements, and lease modifications 

Prerequisites

None

Designed For

Anyonne responsible for preparing or attesting upon financial statements

Objectives

• Recognize challenges with judgments made in applying the revenue recognition model in uncertain times
• Apply appropriate accounting in accordance with Topic 606

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.