Step 2 : Performance Obligations
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 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.
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) in ASC 606
Analysis and examples of the criteria for determining principal vs. agent (gross vs. net) presentation under ASC 606
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
Stand-Ready Obligations
Analysis and common examples of how ASC 606 treats stand-ready obligations as potential performance obligations, including diversity in thought.
Variable Consideration vs. Optional Purchases
Understand the key differences between variable consideration and customer options for additional goods or services under ASC 606.
