In 2014, the FASB and the IASB jointly issue the Accounting Standard Update (ASU) No. 2014-09. The new revenue recognition standard was issued to replace virtually all revenue recognition guidance found in U.S. GAAP and IFRS, including the existing guidance found in Topic 605, Revenue Recognition. This course reviews the new provisions of this standard.
Learning Objectives Summary: Upon completion of this course, participants will be able to recognize and implement the new provisions for revenue recognition.
Recommended CPE Credit: 5 Hours
Course Prerequisite: General Accounting
Course Level: Overview
Field of Study: Accounting
Format: Self-study Text