Revenue From Contracts with Customers (2 days)

Agenda

 

  • Introduction to revenue from contracts with customers and key changes
  • Scope and identifying the contract
  •  Identifying the performance obligations
  • Determining the transaction price
  • Allocating the transaction price to the separate performance obligations
  • Recognizing revenue
  • Options to acquire additional goods or services
  • Practical application issues
    • Right of return
    • Warranties
    • Nonrefundable upfront fees
    • Bill and hold agreements
    • Consignment arrangements
    • Repurchase rights
  • Licenses
  • Principal Vs agent
  • Contract costs
  • Presentation & disclosure
  • Effective date and transition