Lessons Learned with Revenue Recognition

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The time has come for a retrospective glance at the recently implemented Revenue Recognition Standard for private companies regarding treatment of revenue from contracts with customers. Learn from the most common mistakes made while implementing these new standards and what to watch out for moving forward.

Basic Course Information

Learning Objectives

• Identify the common errors in implementing Revenue Recognition Standards and apply strategies to effectively address performance obligations in contracts with customers using the 5 Step Model.

 

Major Subjects

• The 5 Step Model – A Brief Overview
• Lessons Learned
• Performance Obligations