Course Overview
2h 27m | 20 Videos | 63034 Views | 
Intermediate| English[Auto-generated] ASC 605 Revenue Recognition (US GAAP):
Generally Accepted Accounting Principles, also called GAAP or US GAAP, are the generally accepted accounting principles adopted by the U.S. Securities and Exchange Commission (SEC). They are used by most US public and private corporations and also by their international affiliates.
This provides a detailed overview of US GAAP and its 5 step revenue recognition model, the disclosures related to it. All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding. Through this training we are focusing on ASC 605/606 wherein we shall learn the specifics Transactions and the process of revenue recognition, its model with examples.
The training includes the following:
- Introduction
- 5- Step Revenue Recognition Model
- Contract cost
- Presentation & disclosure
- Vs. IFRS
Target Customers:
- Students
- Professionals (majorly Accountants, Auditors, Accounting Consultants, and Chartered Financial Analysts etc.) who want to excel in global organizations by learning about global standards that ply in their working.
- Anyone who wants to learn about accounting standards and improve the knowledge about the working of organizations on a global level.
- Anyone wanting to learn about US GAAP
Pre-Requisites:
- Passion to learn
- Interest in finance and accounting
- Basic knowledge of accounting terms and concepts
