Allocating variable and fixed discounts to the transaction price under ASC 606, includes significant changes from ASC 605 to ASC 606.
Posts Authored by Kyle Andrus
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Analysis and illustrative examples of the two criteria given in ASC 606 for allocating variable consideration to performance obligations.
An extended example of applying the adjusted market assessment, expected cost plus margin, and residual approaches in estimating standalone selling prices.
A comprehensive example of how transaction price is allocated to performance obligations, including cases involving variable considerations and discounts.
ASC 606 provides guidance on accouting for repurchase agreements including forwards, call options, and put options; examples illustrate how the standard is applied to repurchase agreements.
The concept of standalone selling prices involves identifying the individual “price tags” for each of the performance obligations in a contract.
Analysis and examples of when a significant financing component exists in a contract and how to account for it under ASC 606
