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Special Considerations under Revenue Recognition

  • 04/26/2022
  • 1:30 PM - 2:30 PM
  • WEBINAR AICPA

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Are you ready to move beyond your understanding of the five steps of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and learn about important special considerations? The special considerations include licensing, warranties and principal versus agent determinations. In addition to these special considerations, this course also deals with identifying requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs--Contracts with Customers.

Learning Objectives: 

  • Identify when revenue associated with a license is recognized at a point in time or over time under FASB ASC 606. 
  • Identify when a warranty represents a separate performance obligation or a guarantee under FASB ASC 606. 
  • Identify the difference between an entity acting as a principal and an agent in a transaction with a customer under FASB ASC 606. 
  • Identify requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40.
Level: Intermediate

Instructor: Renee Rampulla

Developer: AICPA

CPE Credits: 1

Area of Study: Accounting

Prerequisite: Experience in the application of accounting standards

Who Should Attend: Accountants in public practice & industry who need an update on the new revenue recognition guidance


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3100 South Columbia Road
Suite 500
Grand Forks, ND 58201

Contact Us: 

 (701) 775-7111
or (877) 637-2727
Email: info@ndcpas.org

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