Scenic: Revenues

Topics:

  • Introduction: Sales agreements, revenue recognition decisions, performance obligations
  • Basic revenue recognition concepts and entries tied to asset increases-
    • Example 1- Recognizing revenue at time of cash sale
    • Example 2- Recognizing revenue at time of credit sale
  • Basic revenue recognition concepts and entries tied to liability decreases-
    • Example 3- Derecognizing deferred revenue liability
  • Basic revenue recognition: Summary
  • Challenging revenue recognition: Challenges and authoritative guidance overview
  • Take-aways

Scenic Video: [52 min]

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Additional Materials:

Video slides [pdf]

Transcript [pdf]    Transcript [doc]



 

 

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