Step 2: Performance Obligations
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Variable Consideration vs. Optional Purchases
Understand the key differences between variable consideration and customer options for additional goods or services under ASC 606.
![](https://cdn.prod.website-files.com/642f4974f98a4c2f5d2d8347/647e446653942ea733273f3c_supermarket-1024x640.jpg)
Distinct Goods or Services in ASC 606
Analysis of guidance and criteria under ASC 606 for distinct goods or services, along with case studies and examples.
![](https://cdn.prod.website-files.com/642f4974f98a4c2f5d2d8347/6483e754a3dcf2053bb1b933_distinct-good-service-1024x640.jpg)
Series of Distinct Goods or Services in ASC 606
Analysis and examples of when to treat multiple distinct goods or services as one performance obligation (a series) under ASC 606
![](https://cdn.prod.website-files.com/642f4974f98a4c2f5d2d8347/6483df96a7baf73f86359bcb_contract-2-1024x640.jpg)
Identifying Promised Goods & Services
Identify promised goods and services by analyzing customer perspective, immateriality, implicit promises, setup activities, and marketing incentives.
![](https://cdn.prod.website-files.com/642f4974f98a4c2f5d2d8347/6483e2bf6bff1a3a6f99468e_app-1024x640.jpg)
Principal/Agent Considerations (Gross vs Net) in ASC 606
Analysis and examples of the criteria for determining principal vs. agent (gross vs. net) presentation under ASC 606
![](https://cdn.prod.website-files.com/642f4974f98a4c2f5d2d8347/647e0f375862d585454c7835_money-1024x640.jpg)
Customer Options for Additional Goods or Services
Analysis and examples of how ASC 606 treats future discounts given to customers in a current sale, including diversity in thought and comparison to ASC 605.
![](https://cdn.prod.website-files.com/642f4974f98a4c2f5d2d8347/6483e8153bdb661f620dac0b_transport-2-1024x640.jpg)
Stand-Ready Obligations
Analysis and examples of the different types of Stand-Ready Obligations under ASC 606.