Analysis and examples of contract assets and liabilities under ASC 606, including balance sheet presentation and implementation effects
Posts Authored by Christian Jones
Read More
A comprehensive analysis of the five-step process of ASC 606 applied to a common Software-as-a-Service fact pattern.
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.
The prospective treatment method vs. the cumulative catch-up adjustment method of applying contract modification treatment under ASC 606.
Analysis of ASC 606’s practical expedient for contract modifications — to use hindsight to account for all contract modifications at once.
Analysis and examples of when to treat multiple distinct goods or services as one performance obligation (a series) under ASC 606
