Revenue Recognition Topic 606 - Identify Performance Obligations Part 1
Total Credits: 1.2 including 1.2 Accounting - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing
- Faculty:
- Lynn Fountain
- Course Levels:
- Intermediate
- Duration:
- 1.2 Hour
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
This course is meant to complement the course that evaluates all aspects of the five steps to revenue recognition. The course "Understanding the new revenue recognition rules" examines the five-step model outlined in the standard that organizations must utilize when recognizing revenue. The new standard applies to all companies.
Basic Course Information
Learning Objectives- Explore requirements behind step two of the revenue recognition standard performance obligations
- Identify the differentiation between distinct and non-distinct goods/ services
- Examine examples of both distinct and non-distinct goods/services
- Identify how to measure progress over a period of time
- Identify how to recognize revenue over a period of time
- Explore the processes used for intellectual property
- Test your knowledge examples
Major Subjects
- Revenue Recognition
- Accounting
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| Revenue Recognition Topic 606 - Identify Performance Obligations Part 1 Handout (308.5 KB) | Available after Purchase | ||
| Terms (33.7 KB) | Available after Purchase | ||
Faculty
Lynn Fountain Related Seminars and Products
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Dates
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Thu, Feb 27, 2025 - 06:00pm to 07:09pm CST
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Wed, Mar 05, 2025 - 10:00am to 11:09am CST
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Fri, Mar 21, 2025 - 12:00pm to 01:09pm CDT
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Sat, Apr 05, 2025 - 02:00pm to 03:09pm CDT
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Mon, Apr 21, 2025 - 04:00pm to 05:09pm CDT
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Wed, May 07, 2025 - 08:00am to 09:09am CDT
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Fri, May 23, 2025 - 10:00am to 11:09am CDT
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Tue, Jun 03, 2025 - 12:00pm to 01:09pm CDT
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Fri, Jun 20, 2025 - 02:00pm to 03:09pm CDT
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Wed, Jul 02, 2025 - 04:00pm to 05:09pm CDT
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Thu, Jul 17, 2025 - 08:00am to 09:09am CDT
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Fri, Aug 08, 2025 - 10:00am to 11:09am CDT
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Wed, Aug 27, 2025 - 12:00pm to 01:09pm CDT
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Thu, Sep 04, 2025 - 02:00pm to 03:09pm CDT
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Mon, Sep 22, 2025 - 04:00pm to 05:09pm CDT
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Wed, Oct 08, 2025 - 08:00am to 09:09am CDT
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Mon, Oct 20, 2025 - 10:00am to 11:09am CDT
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Mon, Nov 03, 2025 - 12:00pm to 01:09pm CST
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Fri, Nov 21, 2025 - 02:00pm to 03:09pm CST
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Tue, Dec 09, 2025 - 06:00pm to 07:09pm CST
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Tue, Dec 23, 2025 - 08:00am to 09:09am CST
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Fri, Jan 02, 2026 - 10:00am to 11:09am CST
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Thu, Jan 15, 2026 - 12:00pm to 01:09pm CST
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Fri, Feb 06, 2026 - 02:00pm to 03:09pm CST
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Mon, Feb 16, 2026 - 04:00pm to 05:09pm CST
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Thu, Mar 12, 2026 - 08:00am to 09:09am CDT
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Mon, Mar 23, 2026 - 10:00am to 11:09am CDT
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Wed, Apr 01, 2026 - 12:00pm to 01:09pm CDT
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Mon, Apr 20, 2026 - 02:00pm to 03:09pm CDT
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Sat, May 02, 2026 - 04:00pm to 05:09pm CDT
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Mon, May 18, 2026 - 08:00am to 09:09am CDT
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Thu, Jun 04, 2026 - 06:00pm to 07:09pm CDT
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Tue, Jun 30, 2026 - 12:00pm to 01:09pm CDT
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Additional Info
Basic Course Information
Prerequisites Revenue Recognition OverviewAdvanced Preparation None
Designed For
Accountants, Finance Professionals, Auditors, Internal Auditors
Original Recording Date 2/2025
Yellow Book No
Course Developer Lynn Fountain, CPA, CGMA, CRMA, cPIA, MBA
Date Added to Catalog 02/2025
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.