- TX Credits : 0.2
Under the guidance issued by the Financial Accounting Standards Board in 2014 the revenue recognition literature moved from over 100 pieces of literature to a single new topic in the Codification, Topic 606. Under this new guidance we've moved from a realization model to a transfer of control model. In this course, we look at Step 1 of the guidance-identifying the contract.
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Included with subscription(s):
Upon completion of the course, the user should be able to:
identify if the criteria for step one of the revenue model have been met.