Adopting ASC 606 has caused some entities to never recognize certain deferred revenue. See how this lost revenue was disclosed under both adoption methods.
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Implementing ASC 606 requires a substantial amount of time and expertise, with specific challenges rising in each industry. Gain a deeper understanding of the key issues that life sciences entities face as they transition to ASC 606.
Review the basics of ASC 808, Collaborative Arrangements, and learn how ASC 606 applies when collaborators exchange consideration in an illustrative case study.
Many digital marketing arrangements involve consideration payable to a customer. Learn whether such payments should be a reduction of revenue or a marketing expense.
Understand the key differences between variable consideration and customer options for additional goods or services under ASC 606.
