This post explores the impact of revenue recognition accounting under ASC 606 on income taxes.
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This post discusses the accounting for acquired contract assets and contract liabilities in a business combination under ASC 805.
Some cars now require software updates. How are these accounted for? This post covers Tesla cars, software updates, and ASC 606, Revenue Recognition.
ASU 2021-08 was recently issued to address the accounting for acquiring contract assets and contract liabilities in a business combination.
Accounting for upfront fees received by franchisors is getting easier for private company franchisors, thanks to ASU 2021-02.
This post discusses consideration of a significant financing component under ASC 606 when determining the transaction price.
Assessing collectibility under ASC 606 is required in step 1, but what happens if things change after the contract is signed?
The FASB has clarified whether a transaction should be accounted for as an exchange (ASC 606) or a contribution (ASC 958).
While ASC 606 is extensive, it doesn't cover all arrangements. This post explores the accounting for pre-production arrangements.
This post explores the accounting for shipping and handling activities, which is a common revenue recognition practice issue under ASC 606.
This blog shares our insights and conversations about accounting, auditing, and training matters. It is hosted by GAAP Dynamics
