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ASC 605 – Revenue Recognition (US GAAP) Training Course

EduCBA

Summary

Price
£149 inc VAT
Or £49.67/mo. for 3 months...
Study method
Online
Duration
2 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free

Overview

ASC 605 Revenue Recognition (US GAAP)

  • 2+ Hours OF HD VIDEOS
  • Verifiable CERTIFICATION
  • Practical SKILLS DEVELOPMENT
  • Accelerate YOUR CAREER
  • Lifetime Access 24*7 Unlimited Access
  • Access through any device
  • Technical support
  • Mobile App Access

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.

Certificates

Certificate of completion

Digital certificate - Included

Description

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

Who is this course for?

  • 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

Requirements

  • Passion to learn
  • Interest in finance and accounting
  • Basic knowledge of accounting terms and concepts

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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