Step 5: Recognize Revenue
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Measuring Progress with Multiple Goods or Services in a Single Performance Obligation
Analysis of step five of ASC 606’s model when a single performance obligation has multiple non-distinct promises, including restrictions, principles, and examples.
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Revenue Recognition Over Time for Products: Case Study
An extended example applying ASC 606's three criteria for recognizing revenue over time to goods and measuring revenue over time using inputs or outputs.
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Consignment Arrangements
Explanation and examples of the indicators that a consignment arrangement exists, including comparison to ASC 605.
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Determining the Transfer of Control
Criteria for revenue recognition at a point in time, including situations such as bill-and-hold, and consignments.
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Repurchase Agreements in ASC 606
ASC 606 provides guidance on accouting for repurchase agreements including forwards, call options, and put options; examples illustrate how the standard is applied to repurchase agreements.
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Partially Satisfied Performance Obligations at Contract Inception
Analysis of ASC 606's treatment of revenue and costs from performance obligations partially completed before the contract establishment date
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Bill-and-Hold Arrangements in ASC 606
ASC 606's four criteria for determining bill-and-hold arrangements and when storage service represents a separate performance obligation.
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Unexercised Rights (Breakage) in ASC 606
Analysis and examples of how customers' unexercised rights (breakage) affect how the transaction price is allocated to performance obligations
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Rights of Return and Customer Acceptance in ASC 606
Depending on the type, a right of return may be a variable consideration under ASC 606.
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Accounting Input vs. Output Methods in ASC 606
Analysis of the input and output methods to measure progress towards completion of a performance obligation satisfied over time in ASC 606
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Revenue Recognition Over Time
Description of the three criteria in ASC 606 for determining whether revenue is recognized over time. Illustrative examples of each criterion are included.