Step 2 : Performance Obligations
Distinct Goods or Services: Case Studies
Three extended examples demonstrating the analyses for determining if goods or services are (1) capable of being distinct and (2) separately identifiable.
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.
Distinct within the Context of the Contract
Analysis and examples of the new criteria under ASC 606 for identifying separate performance obligations as "distinct within the context of the contract".
Identifying Promised Goods & Services
Identify promised goods and services by analyzing customer perspective, immateriality, implicit promises, setup activities, and marketing incentives.
Principal/Agent Considerations (Gross vs Net)
Description and examples of how ASC 606 determines principle vs agent considerations, including new criteria for determination and diversity in thought.
Series of Distinct Goods or Services
Analysis and multiple examples of ASC 606's two requirements for treating multiple distinct goods or services as one performance obligation (a series).
Stand-Ready Obligations
Analysis and common examples of how ASC 606 treats stand-ready obligations as potential performance obligations, including diversity in thought.
