Many companies structure their contracts using “tiered pricing” contingent on future events; this means that the fee per event decreases as the number of events increases. Examples include hours of processing time, number of social media posts, clicks on a…
Explore the process of continued improvement to ASC 606 as stakeholders raise concerns, questions, and implementation issues to the TRG.
Software revenue recognition may change under ASC 606, especially when distinct elements of PCS are determined to be separate performance obligations.
An extended example applying ASC 606’s three criteria for recognizing revenue over time to goods and measuring revenue over time using inputs or outputs.