Revenue Recognition
Definition: Substantially converged; minor implementation differences
Substantially converged; minor implementation differences
US GAAPConverged 5-step model (ASC 606)
IFRSConverged 5-step model (IFRS 15)
US StandardASC 606
IFRS StandardIFRS 15
Sub-topics (9)
Related Subjects
Components
- Performance ObligationSub-topic
- Transaction PriceSub-topic
- Standalone Selling PriceSub-topic
- Variable ConsiderationSub-topic
- Principal vs Agent DeterminationSub-topic
- Breakage RevenueSub-topic
- Percentage of Completion (Cost-to-Cost)Sub-topic
- Transaction Price Allocation (SSP)Sub-topic
External Links
- Revenue recognition — Wikipedia