Analysis of ASC 606’s treatment of contract fulfillment costs, including scope considerations, the capitalization criteria, amortization, and impairment.
Analysis of the collectibility requirement of ASC 606, including accounting for contract’s with initial and subsequent collectibility issues.
Analysis and examples of the two types of warranties under ASC 606 and the three factors used to distinguish between these types.
Description of the three criteria in ASC 606 for determining whether revenue is recognized over time. Illustrative examples of each criterion are included.
Walk through the five-step model in this comprehensive evaluation of a biotech collaborative arrangement between BioTek and Farma to commercialize a drug compound.
ASC 606’s four criteria for determining bill-and-hold arrangements and when storage service represents a separate performance obligation.
FASB Comment Letter on proposed amendments to ASU Topic 606 regarding narrow-scope improvements and practical expedients.
For transitional purposes, the determination of whether contracts are completed or incomplete under the full or modified retrospective methods.
