Software entities face unique issues as they apply ASC 606. Gain a deeper understanding of how to navigate these key issues.
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Description and examples of revenue recognition for licenses of intellectual property under ASC 606, including determining license nature and timing of recognition.
Software no longer has industry-specific guidance. See how to recognize revenue for Cloud-Software hybrid contracts under ASC 606. Extended example included.
In many FinTech contracts, services get cheaper with higher volume. This article shows the proper accounting for such a contract under ASC 606.
Analysis of the three factors for determining separate performance obligations and assessing the timing of revenue recognition for installation and implementation services
