The Complete Guide to Revenue Recognition and Leasing’s Core Requirements 2026 Mini Course
67526 8

This course provides a clear and practical overview of two essential accounting standards: ASC 606 on revenue recognition and ASC 842 on lease accounting. Participants will learn the five-step model for recognizing revenue, including identifying contracts, measuring transaction prices, and allocating those prices to performance obligations. The course also covers key topics such as determining when a contract exists, accurately measuring transaction prices, and presenting and disclosing contract assets and liabilities. Additionally, the course explains how to identify and classify leases, as well as the initial and subsequent measurement of leases. Presentation and disclosure requirements for leases are also included, providing participants with a solid understanding of these important standards.  

Additional Course Details

  • Filed of Study: Taxation
  • Author: Kelen F. Camehl
  • Course Level: Intermediate
  • Pre-Requisites: Basic understanding of federal tax code.
  • Interactive: Yes
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