ASC 606 — Revenue from Contracts with Customers
Five-step revenue model; performance obligations; variable consideration; licensing
NumberASC 606
FrameworkUS GAAP (ASC)
IssuerFASB
NotesConverged with IFRS 15; effective 2018
OfficialOfficial Page
Related Accounting Types
- Financial Accounting(Primary)
- Construction Accounting(Primary)
- Technology Accounting(Primary)
- Entertainment and Media Accounting(Primary)
- Healthcare Accounting(Primary)
- Telecommunications Accounting(Primary)
- Real Estate Accounting(Secondary)
- Airlines and Transportation Accounting(Primary)
External Links
- Revenue recognition — Wikipedia