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.
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