Allocating variable and fixed discounts to the transaction price under ASC 606, includes significant changes from ASC 605 to ASC 606.
Kyle Andrus and Kathrine Jensen
Analysis and illustrative examples of the two criteria given in ASC 606 for allocating variable consideration to performance obligations.
An extended example of applying the adjusted market assessment, expected cost plus margin, and residual approaches in estimating standalone selling prices.
The concept of standalone selling prices involves identifying the individual "price tags" for each of the performance obligations in a contract.
A comprehensive example of how transaction price is allocated to performance obligations, including cases involving variable considerations and discounts.