by Jessica Ford
Analysis of how ASC 326 (CECL) relates to ASC 606 and its implications for businesses.
by Haoran Jiang
FASB Comment Letter on proposed amendments to ASU Topic 606 regarding narrow-scope improvements and practical expedients.
by Haoran Jiang and Cassy Budd
For transitional purposes, the determination of whether contracts are completed or incomplete under the full or modified retrospective methods.
by Jason Brown
Specific criteria must be met for the portfolio method to be used as the practical expedient under ASC 606.
Analysis of ASC 606's treatment of contract fulfillment costs, including scope considerations, the capitalization criteria, amortization, and impairment.
by Josh Mortensen and Jessica Ford
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.
by Austen Harris and Cassy Budd
Description of ASC 606's disclosure requirements regarding contracts with customers, significant judgments involved, and contract cost related assets.
by Jace Chambers and Andrew Walton
Analysis of incremental costs under ASC 606, including identifying the incremental costs, the criteria for capitalization, and how to amortize these costs.
Analysis of the three factors for determining separate performance obligations and assessing the timing of revenue recognition for installation and implementation services
by Andrew Bellomy and Steven Driscoll
Description and examples of revenue recognition for licenses of intellectual property under ASC 606, including determining license nature and timing of recognition.
by Josh Mortensen and Aubrey Schwendiman
Adopting ASC 606 has caused some entities to never recognize certain deferred revenue. See how this lost revenue was disclosed under both adoption methods.
by Josh Mortensen
Learn about the objectives and contents of the FASB’s newly released Revenue Recognition Implementation Q&As.
by Christian Jones and Jessica Ford
Analysis and examples of contract assets and liabilities under ASC 606, including balance sheet presentation and implementation effects
by Jeff Wilks and Lydia Sheffield
Key findings of PwC's Revenue Recognition Survey and guidance on using this interactive tool. Expectations and best practices for SAB 74 Disclosures.
Review the basics of ASC 808, Collaborative Arrangements, and learn how ASC 606 applies when collaborators exchange consideration in an illustrative case study.
by Chris Draney and Haylie Dayley
Analysis and examples of ASC 606's sales- and usage-based royalty exception criteria and how to recognize revenue using the exception
by Kathrine Jensen
Top 10 most frequent ASC 606 topics in SEC comment letter threads with representative comment letter excerpts.
by Steven Driscoll and Jeff Wilks
Learn about which ASC 606 disclosures are getting the most SEC comments.
by Cole Moffat and Jeff Wilks
Statements made by Chief Accountant of the SEC imply a more authoritative role for the Revenue Recognition TRG; this may have unintended consequences.
by Haoran Jiang and Haylie Dayley
Analysis and examples of the two types of warranties under ASC 606 and the three factors used to distinguish between these types.