Power and Utility entities face unique issues as they apply ASC 606: Gain a deeper understanding of how to navigate these issues.
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Analysis and examples of price concessions based on either the customer’s expectation or the company’s intent
Analysis and examples of how customers’ unexercised rights (breakage) affect how the transaction price is allocated to performance obligations
COVID-19 impacts much of the revenue model. Learn which parts of your revenue policy and procedures may need to be adapted in response to the recent pandemic.
Analysis and example of estimating variable consideration and applying the constraint under ASC 606.
Analysis and illustrative examples of the two criteria given in ASC 606 for allocating variable consideration to performance obligations.
Depending on the type, a right of return may be a variable consideration under ASC 606.
Top 10 most frequent ASC 606 topics in SEC comment letter threads with representative comment letter excerpts.
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 life sciences entities face as they transition to ASC 606.
Understand the key differences between variable consideration and customer options for additional goods or services under ASC 606.
This case study explains how to identify price concessions and recognize revenue for transactions that contain a price concession.
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 manufacturing entities face as they transition to ASC 606.
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 the retail and consumer products industry faces in the transition to ASC 606.
Accounting Standards Codification (ASC) 606 places the responsibility on management to recognize revenue in a way that “depict[s] the transfer of promised goods and services to customers in an amount … [they] expect to be entitled,” per ASC 606-10-05-3. For…
In many FinTech contracts, services get cheaper with higher volume. This article shows the proper accounting for such a contract under ASC 606.
