The major topics that will be covered in this class include:
- Implementation of the 5 step model outlined in ASC 606 as well as the latest FASB activity
- Revenue recognition issues related to the impact of collectability, variable consideration such as refunds, rebates, and contract modifications, significant financing, and onerous contracts.
- The impact of COVID-19 disruption on each step of the 5-step process
- Sample financial statement presentation and disclosures