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Course Description

Determining what can be considered revenue is not as straightforward as it may appear since revenue is not recognized until a contractual obligation has been fulfilled. As such, there are five steps to the process of revenue recognition. There is also a process for identifying distinct performance obligations through proportional allocation, accounting for the fact that obligations are not all fulfilled at the same time. By familiarizing yourself with the entire process of revenue recognition, you will be able to apply the steps covered in this lesson.

Benefits to the Learner

  • Recognize revenue using the five steps of revenue recognition
  • Identify the method of registering performance obligations
  • Calculate distinct performance obligations through the pro rata allocation process
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Type
self-paced (non-instructor led)
Dates
Sep 22, 2020 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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