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.

Revenue from Collaborative Arrangements

Review the basics of ASC 808, Collaborative Arrangements, and learn how ASC 606 applies when collaborators exchange consideration in an illustrative case study.

SEC Commentary to Company Filings on ASC Topic 606

This article explains what types of behavior with regards to implementing the new revenue recognition standard are receiving comments from the SEC.

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.

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.

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.

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

Analysis and illustrative examples of the three criteria an entity must meet to apply the portfolio method as a practical expedient.

Costs to Fulfill a Contract

Analysis of ASC 606's treatment of contract fulfillment costs, including scope considerations, the capitalization criteria, amortization, and impairment.

Disclosures

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

Analysis of the three factors for determining separate performance obligations and assessing the timing of revenue recognition

Presentation of Contract Assets and Contract Liabilities

Analysis and examples of contract assets and liabilities under ASC 606, including the balance sheet presentation and the impacts of rights to payment.

Sales- and Usage-Based Royalties

ASC 606's exception criteria for sales- and usage-based royalties, including the process for recognizing revenue for these exceptions.