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eBook- Standalone Selling Price (SSP) One Size Does Not Fit All

Sun, Mar 6, 2022 @ 03:12 AM / by John Froelich posted in revenue recognition, ASC606, Standalone Selling Price, SSL, Five Step Model

The new ASC 606 revenue recognition standard was adopted by most companies within the last three years with public companies adopting first and then followed later by private companies. A core concept in the new revenue recognition approach is the Five-Step model for identifying contracts, performance obligations, transaction prices, allocations, and timing for revenue recognition.

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