Under ASC 606 and IFRS 15, a Material Right represents a customer option to acquire additional goods or services at a price that is significantly lower than the standalone selling price (SSP) — essentially providing […]
One of the most challenging aspects of revenue recognition under ASC 606 and IFRS 15 is estimating the Standalone Selling Price (SSP) for goods and services that are not sold frequently, have a wide range […]
In modern Revenue Management systems, the Assignment Attributes play a critical role in the automatic calculation of Observed Standalone Selling Price (OSSP). These attributes define the rules and boundaries for when and how an OSSP […]
When implementing Revenue Recognition standards such as ASC 606 and IFRS 15, one of the most critical concepts is the Standalone Selling Price (SSP). Organizations must determine how to allocate transaction prices to performance obligations […]
Pricing for a product rarely follows a flat “one-size-fits-all” approach. Instead, it often varies based on volume or total value purchased. The general principle is: 👉 The higher the volume or purchase value, the lower […]
When it comes to revenue recognition under ASC 606 and IFRS 15, one of the most critical concepts is the Standalone Selling Price (SSP). SSP determines how the total transaction price in a customer contract […]
Revenue recognition under ASC 606 and IFRS 15 requires companies to allocate transaction prices across performance obligations and track how those amounts flow into financial reporting. This process involves several key amounts—such as Selling Amount, […]
Revenue recognition under ASC 606 and IFRS 15 requires companies to allocate the transaction price in a customer contract to each performance obligation based on its Standalone Selling Price (SSP). But not all goods or […]
When businesses enter into contracts with customers, they often include both explicit obligations (clearly written into the sales order or contract) and implied obligations (promises that are not formally captured but are still expected by […]
Agenda The Relationship: FAS 52 and ASC 830 FAS 52, ASC 830, and IAS 21 are all accounting standards that deal with foreign currency translation and the effects of exchange rate changes on a company’s […]
Enterprise Resource Planning and Integrations BlogSpot 