This course is tailored to finance professionals in B2B software and services firms and will address common challenges with the ASC 606 "Revenue from Contracts with Customers" implementation and application.

Through this session, participants will gain insights into navigating the extensive 700-page ASC 606 standards. The presenter will delve into the concept of "performance obligation" and its impact on B2B software and service providers, providing clarity and practical skills for confident implementation in daily tasks. Attendees will leave this session with the ability to enhance revenue recognition accuracy and ensure compliance with ASC 606.

Learning Objectives:

• Identify discrepancies within the current ASC 606 standards


• Determine a simplified framework for efficient implementation of ASC 606


• Recognize practical applications of the simplified model in revenue recognition scenarios


• Outline the importance of complying with ASC 606 requirements

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

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