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1 CPE Credit

Surgent's Surging Auditors: Revenue Rush

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1 CPE Credit

This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.

Stepping into the shoes of an outside technical consultant, each participant must perform an ASC 606 assessment for Quality Tiles, Inc. (QTI), a company recently acquired by Home Décor and More, Inc. (HDM). HDM management needs to ensure the company is in compliance with GAAP related to revenue recognition before the next board meeting. Participants will meet with GTI’s controller and must strategically ask the right questions. Based on the information received, they will apply guidance in ASC 606, which can be complex, to a series of revenue recognition considerations to determine if revenue is being recognized appropriately.

Learning Objectives

  • Recall the key elements of the 5-step revenue recognition approach under ASC 606
  • Identify the key information necessary to assess revenue recognition under ASC 606
  • Assess the appropriateness of revenue recognition approaches

Major Topics

  • Application of ASC 606 to contractual situations
  • Identifying key information necessary to apply ASC 606
  • Assessing compliance with the guidance of ASC 606

CPE Credits Available

1 CPE Credit
1
Accounting

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting

Prerequisites

None

Advanced Preparation

None

Intended Audience

Accounting and auditing practitioners who are beginning their careers in public accounting

Provider

Surgent CPE

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