Implementing ASC 606 requires a substantial amount of time and expertise, with specific challenges rising in each industry. Gain a deeper understanding of the key issues that mining entities face as they transition to ASC 606.
Read More
Explanation and examples of the indicators that a consignment arrangement exists, including comparison to ASC 605.
Criteria for revenue recognition at a point in time, including situations such as bill-and-hold, and consignments.
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.
