While the effective date of Topic 606 is behind us, there will always be a need for a comprehensive review of the accounting related to revenue .. Read more recognition. Plus, though year one of reporting under Topic 606 is complete, there is plenty of opportunity to improve your revenue recognition processes, benchmark against your peer group and refine your application of Topic 606, particularly in the area of financial statement disclosures. This course will review the basis Topic 606 5 Step model and provide specific implementation guidance and examples. It will cover the presentation and disclosure requirements for Topic 606, including the private company disclosure relief available under Topic 606, and provide disclosure examples as well. Lastly, the course will discuss best practices, lessons learned and ways to improve the recognition of revenue going forward. Even though Topic 606 is behind us, it is still possible to improve the processes that drive revenue recognition.
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