Contract Modifications Part I – Separate Contracts
Analysis of the two options for treatment of contract modifications under ASC 606: (1) treated as a modification or (2) treated as a separate, standalone contract.
Customer Options for Additional Goods or Services
Analysis and examples of how ASC 606 treats future discounts given to customers in a current sale, including diversity in thought and comparison to ASC 605.
Determine the transaction price of a contract with noncash consideration under ASC 606, including when and how to measure the variable consideration caused by fluctuating fair value.
Accounting Input vs. Output Methods in ASC 606
Analysis of the input and output methods to measure progress towards completion of a performance obligation satisfied over time in ASC 606
Significant Financing Component in ASC 606
Analysis and examples of when a significant financing component exists in a contract and how to account for it under ASC 606.
Consideration Payable to a Customer
Analysis of ASC 606's treatment of payments paid to customers, including the payment types and the timing of recognizing a reduction in revenue.