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Event Information

Revenue: Effective Date, Disclosure and Transition & Other Assets and Deferred Costs (Topics 340-40 and 606-10-50) Webcast | 4203312A
Date: August 17, 2020
Event Start time: 11:00 AM   End time: 1:00 PM
Location: Webcast

Facility: Webcast Remote


Member:       $79
Nonmember: $109

CPE Credits:

2.00 CPE: Continuing Professional Education Non-Technical
2.00 AA: Auditing & Accounting


This course is the last of a three-course series; focused on ASU 606, Revenue from Contracts with Customers. Address the effective date, disclosure, and transition along with ASU 340-40, Other Assets and Deferred Costs. A selection of public company disclosures will also be reviewed. Now effective for most entities, it's time to review the topic and recent updates.

With the issuance of a final standard—ASC 606, Revenue from Contracts with Customers—public companies were required to implement after Dec. 15, 2017, and non-public companies, Dec. 15, 2018.







  • Explain the objective of disclosure under ASC 606.
  • Explain the elections available to nonpublic entities regarding disclosure under ASC 606.
  • Illustrate, measure, present and disclose other assets and deferred costs relating to ASU 606.
  • Recall the effective date, as revised, for public and nonpublic entities.
  • Identify and differentiate between the two methods of transition.
  • Review a selection of public companies' revenue disclosures.



Major Subjects:
  • FASB ASC 606, Revenue from Contracts with Customers
  • FASB ASC 340-40, Other Assets and Deferred Costs
  • All recently released updates to ASC 606, Revenue from Contracts with Customers

Level of Difficulty:

Field of Interest:


Revenue: The Five Steps (ASU 606-10) and Revenue: Special Implementation Guide (ASU 10-55)


Designed For:

CPAs, auditors, consultants, and financial and management professionals.




Advanced Prep:



Event Notes:
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