This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes licensing arrangements, with an emphasis on how to recognize revenue from agreements that grant customers rights to use or access intellectual property. This course also addresses the requirements and challenges with respect to financial statement disclosures.

Participants will explore practical insights into recognizing revenue from licensing agreements, including how to determine if a license should be classified as a right to use or a right to access intellectual property. With real-world examples and case studies, the course clarifies the implications of these classifications on revenue recognition timing and methods. Additionally, it guides learners through the complexities of reporting requirements, such as disaggregating revenue and disclosing contract balances, enabling compliance with ASC 606’s comprehensive standards.

This course is ideal for accounting professionals and financial analysts who work with licensing agreements and are responsible for ensuring accurate and transparent financial disclosures. By the end, participants will be equipped to navigate ASC 606's revenue recognition and disclosure requirements with confidence, improving the quality and clarity of their financial statements.