Collaboration between FASB and IASB resulted in ASC 606. Filers have choice between Full Retrospective and Modified Retrospective Adoption methods.
Posts Authored by Austen Harris
Read More
Summary of each of the five steps of ASC 606 and key issues entities need to consider when completing each step.
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.
Description of ASC 606’s disclosure requirements regarding contracts with customers, significant judgments involved, and contract cost related assets.
