10:00 AM - 11:04 AM Central
This segment is designed to evaluate Step Five of the new model dealing with recognizing revenue which is the final step in applying the new revenue recognition standard. For performance obligations that are fulfilled at a point in time, revenue is recognized at the fulfillment of the performance obligation. For performance obligations to be satisfied over time, an entity must decide how to appropriately measure the progress and completion of the performance obligation. A performance obligation is satisfied when or as control of the good or service is transferred to the customer. There are several issues companies should consider in applying step 5 of the standard:
• Determining if a Performance Obligation is satisfied over time
• Identifying indicators of transfer of control of good/services
• Utilizing input and output methods to measure progress of revenue recognition
• Understanding stand-ready obligations and how to apply discounts
Speakers:
Lynn Fountain
| 5/22/2025 |    |
