Software revenue recognition may change under ASC 606, especially when distinct elements of PCS are determined to be separate performance obligations.
Home automation equipment contains many deliverables that may be assessed in different ways to estimate a standalone selling price under the ASC 606 guidance.
Learn how Mattel evaluated the collectibility of revenue throughout Toys R Us’ bankruptcy.
In today’s virtual gaming world, many games across multiple platforms allow players to access their virtual environment for free while in-game purchases of various virtual currencies and goods allow players to enhance gameplay. Popular freemium games such as Candy Crush,...
This article addresses the trajectory of the digital asset world and its relation to accounting principles.
In the recent 2020 AICPA conference, revenue recognition was a hot topic, especially relating to principal-agent guidance and identification of performance obligations.
Guidance for loss contracts is not included in ASC 606, but is instead included in ASC 605.
ASC 842 practical expedient and leaseback terms are just some of the ways the standard interacts with ASC 606.
Implementing ASC 606 requires a substantial amount of time and expertise, with specific challenges rising in each industry. Gain a deeper understanding of the key issues that oil and gas entities face as they transition to ASC 606.
Franchisors face unique issues when accounting for revenue under ASC 606. This article addresses some of those issues.
Automotive entities face unique issues as they apply ASC 606: Gain a deeper understanding of how to navigate these issues.
Power and Utility entities face unique issues as they apply ASC 606: Gain a deeper understanding of how to navigate these issues.