Other Issues
ASC 606 and ASC 326 (CECL)
Analysis of how ASC 326 (CECL) relates to ASC 606 and its implications for businesses.
ASC 606 and ASC 842 (Leases)
ASC 842 practical expedient and leaseback terms are just some of the ways the standard interacts with ASC 606.
ASC 606 and the 2020 AICPA Conference
In the recent 2020 AICPA conference, revenue recognition was a hot topic, especially relating to principal-agent guidance and identification of performance obligations.
Comment Letter to Proposed Amendments
FASB Comment Letter on proposed amendments to ASU Topic 606 regarding narrow-scope improvements and practical expedients.
Completed Contracts at Transition
For transitional purposes, the determination of whether contracts are completed or incomplete under the full or modified retrospective methods.
Contract vs. Portfolio Method in ASC 606
Specific criteria must be met for the portfolio method to be used as the practical expedient under ASC 606.
Costs to Fulfill a Contract in ASC 606
Analysis of ASC 606's treatment of contract fulfillment costs, including scope considerations, the capitalization criteria, amortization, and impairment.
COVID-19 Impact on Revenue Recognition
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.
Disclosures in ASC 606
Description of ASC 606's disclosure requirements regarding contracts with customers, significant judgments involved, and contract cost related assets.
Incremental Costs of Obtaining a Contract
Analysis of incremental costs under ASC 606, including identifying the incremental costs, the criteria for capitalization, and how to amortize these costs.
Installation and Implementation Services in ASC 606
Analysis of the three factors for determining separate performance obligations and assessing the timing of revenue recognition for installation and implementation services
Licenses for Intellectual Property
Description and examples of revenue recognition for licenses of intellectual property under ASC 606, including determining license nature and timing of recognition.
Loss Contracts
Guidance for loss contracts is not included in ASC 606, but is instead included in ASC 605.
Lost Revenue
Adopting ASC 606 has caused some entities to never recognize certain deferred revenue. See how this lost revenue was disclosed under both adoption methods.
Overview of FASB’s Revenue Recognition Implementation Q&As
Learn about the objectives and contents of the FASB’s newly released Revenue Recognition Implementation Q&As.
Presentation of Contract Assets and Contract Liabilities in ASC 606
Analysis and examples of contract assets and liabilities under ASC 606, including balance sheet presentation and implementation effects
PwC Revenue Recognition Survey and SAB 74 Disclosure Guidance
Key findings of PwC's Revenue Recognition Survey and guidance on using this interactive tool. Expectations and best practices for SAB 74 Disclosures.
Revenue from Collaborative Arrangements in 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.
Sales- and Usage-Based Royalties in ASC 606
Analysis and examples of ASC 606's sales- and usage-based royalty exception criteria and how to recognize revenue using the exception
SEC Comment Letters on ASC 606
Top 10 most frequent ASC 606 topics in SEC comment letter threads with representative comment letter excerpts.
SEC Commentary on ASC 606 Revenue Recognition Disclosures
Learn about which ASC 606 disclosures are getting the most SEC comments.
SEC Makes TRG Discussions Authoritative
Statements made by Chief Accountant of the SEC imply a more authoritative role for the Revenue Recognition TRG; this may have unintended consequences.
Understanding & Accounting for Cryptocurrency Payments
This article addresses the trajectory of the digital asset world and its relation to accounting principles.
Warranty Obligations in ASC 606
Analysis and examples of the two types of warranties under ASC 606 and the three factors used to distinguish between these types.
