Revenue Recognition - Allocate the Transaction Price
Total Credits: 1.8 including 1.8 Accounting - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing
- Faculty:
- Lynn Fountain
- Course Levels:
- Intermediate
- Duration:
- 1.8 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
The updated revenue recognition standard outlines five steps for proper compliance. At the surface, these steps seem simplistic. However, there are many considerations that should be considered within each step based on your process and industry.
Basic Course Information
Learning Objectives- Explore step four of the revenue recognition model: Allocate the Transaction Price
- Identify example estimation approaches for SSP
- Explore the adjusted market assessment estimation approach
- Identify examples of the adjusted market assessment approach
- Explore the expected cost-plus margin approach
- Identify examples of the expected cost-plus margin approach
- Explore the residual estimation approach
- Identify examples of the residual estimation approach
- Explore how to allocate discounts
- Explore variances between ASC 605 and ASC 606
- Explore how to allocate variable consideration
Major Subjects
- Revenue Recognition on Contracts with customers
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| Revenue Recognition - Allocate the Transaction Price Handout (285.8 KB) | Available after Purchase | ||
| Terms (33.8 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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Wed, Feb 26, 2025 - 09:00am to 10:38am MST
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Mon, Mar 17, 2025 - 11:00am to 12:38pm MDT
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Sat, Mar 29, 2025 - 01:00pm to 02:38pm MDT
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Fri, Apr 11, 2025 - 03:00pm to 04:38pm MDT
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Tue, Apr 29, 2025 - 05:00pm to 06:38pm MDT
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Wed, May 14, 2025 - 09:00am to 10:38am MDT
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Fri, May 30, 2025 - 11:00am to 12:38pm MDT
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Thu, Jun 12, 2025 - 01:00pm to 02:38pm MDT
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Mon, Jun 30, 2025 - 03:00pm to 04:38pm MDT
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Wed, Jul 09, 2025 - 07:00am to 08:38am MDT
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Wed, Jul 30, 2025 - 09:00am to 10:38am MDT
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Fri, Aug 01, 2025 - 11:00am to 12:38pm MDT
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Wed, Aug 20, 2025 - 01:00pm to 02:38pm MDT
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Tue, Sep 09, 2025 - 03:00pm to 04:38pm MDT
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Tue, Sep 23, 2025 - 07:00am to 08:38am MDT
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Wed, Oct 01, 2025 - 09:00am to 10:38am MDT
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Thu, Oct 16, 2025 - 05:00pm to 06:38pm MDT
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Wed, Nov 05, 2025 - 01:00pm to 02:38pm MST
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Sat, Nov 15, 2025 - 03:00pm to 04:38pm MST
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Tue, Dec 02, 2025 - 07:00am to 08:38am MST
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Mon, Dec 15, 2025 - 09:00am to 10:38am MST
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Thu, Jan 08, 2026 - 11:00am to 12:38pm MST
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Wed, Jan 28, 2026 - 01:00pm to 02:38pm MST
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Thu, Feb 12, 2026 - 03:00pm to 04:38pm MST
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Wed, Feb 25, 2026 - 07:00am to 08:38am MST
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Thu, Mar 05, 2026 - 05:00pm to 06:38pm MST
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Wed, Mar 25, 2026 - 11:00am to 12:38pm MDT
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Fri, Apr 03, 2026 - 01:00pm to 02:38pm MDT
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Mon, Apr 27, 2026 - 03:00pm to 04:38pm MDT
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Fri, May 08, 2026 - 07:00am to 08:38am MDT
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Wed, May 20, 2026 - 09:00am to 10:38am MDT
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Mon, Jun 01, 2026 - 11:00am to 12:38pm MDT
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Thu, Jun 18, 2026 - 01:00pm to 02:38pm MDT
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Additional Info
Basic Course Information
Prerequisites Suggested - Other revenue recognition courses in this seriesAdvanced Preparation Suggested - Other revenue recognition courses in this series
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.