In the recent 2020 AICPA conference, revenue recognition was a hot topic, especially relating to principal-agent guidance and identification of performance obligations.
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.
Analysis of how ASC 326 (CECL) relates to ASC 606 and its implications for businesses.
Analysis and examples of when a significant financing component exists in a contract and how to account for it under ASC 606.
Analysis and examples of how customers’ unexercised rights (breakage) affect how the transaction price is allocated to performance obligations
Analysis and examples of the different types of Stand-Ready Obligations under ASC 606.
Analysis of guidance and criteria under ASC 606 for distinct goods or services, along with case studies and examples.
COVID-19 impacts much of the revenue model. Learn which parts of your revenue policy and procedures may need to be adapted in response to the recent pandemic.
Analysis and examples of the criteria for determining principal vs. agent (gross vs. net) presentation under ASC 606
ASC 606’s four criteria for determining bill-and-hold arrangements and when storage service represents a separate performance obligation.
Analysis and examples of contract assets and liabilities under ASC 606, including balance sheet presentation and implementation effects
