Scope and interaction with other guidance

By May 12, 2016

Flowchart for considerations on topics relating to both ASC 606 and other guidance: if contract is not at least partially in scope of ASC 606, then apply guidance from the other topic; if contract is completely within scope of ASC 606, apply ASC 606 guidance on separation and measurement and follow relevant guidance to account for the contract; if contract is at least partially, but not completely in scope of ASC 606 and the other topic does not provide guidance on separation and measurement, then apply ASC 606 guidance on separation and measurement and follow relevant guidance to account for the contract; if contract is at least partially, but not completely within scope of ASC 606 and the other topic does provide guidance on separation and measurement, then apply guidance on separation and measurement from other topic and follow relevant guidance to account for the contract.

Author Colby Nelson

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