by Cole Moffat and Jeff Wilks
Software no longer has industry-specific guidance. See how to recognize revenue for Cloud-Software hybrid contracts under ASC 606. Extended example included.
by Josh Mortensen and Haoran Jiang
Walk through the five-step model in this comprehensive evaluation of a biotech collaborative arrangement between BioTek and Farma to commercialize a drug compound.
by Kyle Andrus and Andrew Walton
Home automation equipment contains many deliverables that may be assessed in different ways to estimate a standalone selling price under the ASC 606 guidance.
by Steven Driscoll
Learn how Mattel evaluated the collectibility of revenue throughout Toys R Us’ bankruptcy.
by Andrew Bellomy and Jeff Wilks
Analyze a hypothetical licensing contract for IP with sales-based royalties and a minimum guarantee under Accounting Standards Codification (ASC) 606: Revenue from Contracts with Customers.
by Brett Bartholomew
This case study explains how to identify price concessions and recognize revenue for transactions that contain a price concession.
by Aubrey Schwendiman and Jeff Wilks
Take a look at how early adopter, Alphabet Inc., disclosed its disaggregation of revenue in its financials, and see what the SEC had to say about it.
Take a look at how early adopter, Ford Motor Company, disclosed its disaggregation of revenue in its financials, and see what the SEC had to say about it.
by Clark Nielson
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.
by Andrew Bellomy, Cassy Budd and Andrew Walton
by Cole Moffat and Andrew Walton
Software revenue recognition may change under ASC 606, especially when distinct elements of PCS are determined to be separate performance obligations.
by Christian Jones and Andrew Bellomy
A comprehensive analysis of the five-step process of ASC 606 applied to a common Software-as-a-Service fact pattern.
Explore the process of continued improvement to ASC 606 as stakeholders raise concerns, questions, and implementation issues to the TRG.
by Kyle Andrus
A comprehensive example of how transaction price is allocated to performance obligations, including cases involving variable considerations and discounts.
by Cole Moffat
In many FinTech contracts, services get cheaper with higher volume. This article shows the proper accounting for such a contract under ASC 606.