Performance Obligation
Definition: Distinct promise to transfer good/service
Scope:ModerateDifficulty:Difficult
Part of: Revenue Recognition
Distinct promise to transfer good/service
DurationN/A
Related Reports
- Form 10-K Annual Report(Primary — ASC 606 note)
Related Subjects
Understand First
Governed By
See Also
- Unearned Revenue
- Contract Liabilities
- Contract Assets
- Revenue RecognitionPart of Revenue Recognition
External Links
- Revenue recognition#Five step model — Wikipedia