Revenue Recognition

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Taxes and Revenue Recognition (ASC 606)

Jul 22, 2025

This post explores the impact of revenue recognition accounting under ASC 606 on income taxes.

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Tesla’s Revenue Recognition for Cars and Software under ASC 606

Feb 28, 2023

Some cars now require software updates. How are these accounted for? This post covers Tesla cars, software updates, and ASC 606, Revenue Recognition.

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IFRS 15 Practice Issue: Training Costs to Fulfill a Contract

Oct 06, 2020

This posts discusses the accounting for training costs to fulfill a contract, which is a common practice issue under IFRS 15.

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Accounting for an exchange (ASC 606) vs. a contribution (ASC 958)

Jul 17, 2018

The FASB has clarified whether a transaction should be accounted for as an exchange (ASC 606) or a contribution (ASC 958).

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ASC 606: Accounting for Pre-Production Arrangements

Jul 10, 2018

While ASC 606 is extensive, it doesn't cover all arrangements. This post explores the accounting for pre-production arrangements.

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Unanswered Questions in ASC 606: Shipping and Handling

Jul 03, 2018

This post explores the accounting for shipping and handling activities, which is a common revenue recognition practice issue under ASC 606.

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Gunga Galunga: Accounting for Nonrefundable Initiation Fees (ASC 606)

Jan 23, 2018

This Caddyshack-inspired blog post discusses the accounting for nonrefundable initiation fees under ASC 606.

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