Module 3: Learning Objectives

  • Identify the Principles of Revenue Recognition
  • Use the 5 step model to recognize revenue appropriately
  • Be able to define a performance obligation
  • Be able to compute variable consideration
  • Be able to allocate a single revenue amount among multiple performance obligations
  • Be able to identify when a performance obligation is extinguished
  • Identify which performance obligations are extinguished at a point of time or over a period
Last modified: Thursday, 2 August 2018, 11:47 AM