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.

Bill-and-Hold Arrangements

ASC 606's four criteria for determining bill-and-hold arrangements and when these arrangements contains one or more performance obligations.

Case Study: Revenue Recognition Over Time for Products

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.

Consignment Arrangements

Explanation and examples of the indicators that a consignment arrangement exists, including comparison to ASC 605.

Determining the Transfer of Control

Criteria for revenue recognition at a point in time, including situations such as bill-and-hold, and consignments.

Input vs. Output Methods

Explanation of the input and output methods used to recognize revenue over time in ASC 606.

Partially Satisfied Performance Obligations at Contract Inception

ASC 606's treatment of revenue and costs from activities performed before the contract establishment date that relate to an anticipated contract.

Repurchase Agreements

ASC 606's treatment of repurchase agreements, including forwards and call options and put options. Examples are included

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.

Rights of Return and Customer Acceptance

Depending on the type, a right of return may be a variable consideration under ASC 606.

Unexercised Rights

Examples and explanation of how revenue should be allocated to performance obligations when breakage is involved.