Accounting for Commissions and Other Contract Costs Under ASC 606

Webinar

Under ASC 606 and ASC 340-40, the costs of obtaining a contract are recognized as assets. Certain costs, such as commissions, need to be capitalized. In this webinar, Matt Svetich of Effectus Group will discuss what to consider preparing for the commission accounting changes. This webinar will review methods for estimating commission amortization as well as supporting audit requirements.

You’ll learn how to:

  • Identify costs of obtaining contracts, such as sales commissions.
  • Handle capitalization of commissions with clawback provisions.
  • Determine the amortization period of capitalized costs.

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Details

On-Demand Webinar

Access: 90-Day Access | On-Demand Event Code: WEBINAR-20180807-PLAYBACK

Recorded Event

Please note: Prices are subject to change without notice. All sales are nonrefundable. Access to the live event is limited to the first 1000 participants, so be sure to log on up to 15 minutes prior to the event start time. The live event includes access to playback. Playback and the on-demand webinar are available two business days following the live event, and you can access them for 90 days. If you order the on-demand webinar after the live event, your 90-day access begins the day of order.

HRCI credits will only be granted for attending the live webinar event. On-demand webinars do not qualify for HRCI credit. You may receive a certificate of completion for watching an on-demand webinar. Please contact Customer Relationship Services at 877-951-9191 (United States and Canada) or +1 480-951-9191 (other countries) or email customerrelations@worldatwork.org to request this certificate. You'll receive it in two to four weeks via email.

Presenter

Matt Svetich

Director | The Effectus Group

Matt is a director leading the San Francisco office at Effectus Group specializing in technical accounting, IPO, and merger & acquisitions services. Matt has a strong background in entrepreneurship coupled with the foundation of Big 4 accounting experience that has led him to many successes throughout his 20-year career. Matt is also currently on the Board for GoFind.ai.

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