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 […]
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, […]
When it comes to revenue recognition under ASC 606 and IFRS 15, one of the most critical steps is identifying performance obligations within customer contracts. While some obligations are clearly spelled out in sales orders […]
Seven tests for transfer of control to the customer under ASC 606 / IFRS 15. The new revenue recognition standard says revenue is recognized when control of a promised good or service transfers to the […]
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