Analysis of the input and output methods to measure progress towards completion of a performance obligation satisfied over time in ASC 606
Christian Jones and Jessica Ford
Analysis and examples of contract assets and liabilities under ASC 606, including balance sheet presentation and implementation effects
Haoran Jiang and Kathrine Jensen
Description of the three criteria in ASC 606 for determining whether revenue is recognized over time. Illustrative examples of each criterion are included.
The concept of standalone selling prices involves identifying the individual "price tags" for each of the performance obligations in a contract.
Summary of each of the five steps of ASC 606 and key issues entities need to consider when completing each step.