Revenue Recognition Determine the Transaction Price Part 2
Total Credits: 1 including 1 Accounting - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing
- Faculty:
- Lynn Fountain
- Course Levels:
- Intermediate
- Duration:
- 1 Hour
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
The new revenue recognition standard outlines five steps for proper compliance. At the surface, these steps seem simplistic. However, there are many considerations that should be considered within each step based on your process and industry. Previous courses in this series have covered the standard at a high level and evaluated step one and two of the standard. They are:
- Understanding the Revenue Recognition Standard
- Revenue Recognition: Identify the Contract - Part One
- Revenue Recognition: Identify the Contract - Part Two
- Revenue Recognition: Identify Performance Obligations – Part One
- Revenue Recognition: Identify Performance Obligations – Part Two
- Revenue Recognition: Determine Transaction Price - Part 1
- Revenue Recognition: Determine Transaction Price - Part 2
- Revenue Recognition: Allocate the Transaction Price
- Revenue Recognition: Recognize Revenue
This segment is designed to evaluate Step Three of the new model dealing with Determining the Transaction Price.
Basic Course Information
Learning Objectives- Explore how rights of return impact transaction price
- Identify how refund liabilities should be handled
- Explore examples related to rights of return and refund liabilities
- Explore how provisions that include a significant financing component impact transaction price
- Explore examples of significant financing components
- Explore how consideration payable to a customer impacts transaction price
- Explore examples on consideration payable to a customer
- Explore how sales based or usage royalties impact transaction price
- Explore examples of sales based and usage warranties.
Major Subjects
- Revenue Recognition
- Accounting
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| Revenue Recognition - Determine the Transaction Price - Part 2 Handout (325.3 KB) | Available after Purchase | ||
| Terms (35.5 KB) | Available after Purchase | ||
Faculty
Lynn Fountain Related Seminars and Products
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Dates
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Fri, Feb 28, 2025 - 02:00pm to 03:01pm PST
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Fri, Mar 07, 2025 - 06:00am to 07:01am PST
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Mon, Jul 21, 2025 - 02:00pm to 03:01pm PDT
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Mon, Aug 04, 2025 - 06:00am to 07:01am PDT
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Tue, Oct 07, 2025 - 02:00pm to 03:01pm PDT
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Fri, Oct 17, 2025 - 06:00am to 07:01am PDT
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Tue, Nov 04, 2025 - 08:00am to 09:01am PST
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Mon, Nov 17, 2025 - 10:00am to 11:01am PST
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Fri, Dec 05, 2025 - 12:00pm to 01:01pm PST
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Wed, Dec 17, 2025 - 02:00pm to 03:01pm PST
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Mon, Jan 05, 2026 - 06:00am to 07:01am PST
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Thu, Jan 22, 2026 - 08:00am to 09:01am PST
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Wed, Feb 11, 2026 - 10:00am to 11:01am PST
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Mon, Feb 23, 2026 - 12:00pm to 01:01pm PST
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Fri, Mar 06, 2026 - 02:00pm to 03:01pm PST
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Tue, Mar 24, 2026 - 03:00pm to 04:01pm PDT
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Thu, Apr 02, 2026 - 08:00am to 09:01am PDT
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Wed, Apr 22, 2026 - 10:00am to 11:01am PDT
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Mon, May 04, 2026 - 12:00pm to 01:01pm PDT
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Wed, May 27, 2026 - 02:00pm to 03:01pm PDT
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Tue, Jun 02, 2026 - 06:00am to 07:01am PDT
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Mon, Jun 22, 2026 - 08:00am to 09:01am PDT
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Additional Info
Basic Course Information
Prerequisites Suggested - Revenue Recognition OverviewAdvanced Preparation Suggested - Other Revenue Recognition Courses in this Series
Designed For
Accountants, Finance Professionals, Auditors, Internal Auditors
Original Recording Date 2/2025
Yellow Book No
Course Developer Lynn Fountain, CPA, CGMA, CRMA, cPIA, MBA
Date Added to Catalog 02/2025
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.