Method id: 1

Method name:

Product Sale

Method description:

The Product Sale revenue recognition method is applicable to sales of tangible goods. Revenue is recognized upon transfer of the risks and rewards of ownership (i.e., delivery) assuming all other conditions for recognizing revenue have been met.

Method id: 2

Method name:

Services - Specific Performance

Method description:

The Services - Specific performance revenue recognition method involves recognition of revenue as the services are performed. This method is most appropriate for arrangements that involve performance of a single act at a specific point in time or over a short period of time, and to arrangements for which the fee is directly related to the performance input (e.g., hourly billing). Revenue is recognized upon delivery of the services assuming all other conditions for recognizing revenue have been met.

Method id: 3

Method name:

Services - Proportional Performance - Input Method

Method description:

The Service - Proportional Performance - Input Method is applicable to service arrangements in which services are delivered/performed over an extended period of time and in which 1) the customer receives value as the services are performed and 2) the pattern of performance is best measured, or only measurable, based on performance inputs (e.g., labor hours). Revenue is recognized proportionally based on the input method selected.

Method id: 4

Method name:

Services - Proportional Performance - Output Method

Method description:

The Service - Proportional Performance - Output Method is applicable to service arrangements in which services are delivered/performed over an extended period of time and in which 1) the customer receives value as the services are performed and 2) the pattern of performance is best measured based on performance outputs. Revenue is recognized proportionally based on the output method selected.

Method id: 5

Method name:

Services - Proportional Performance - Straightline

Method description:

The Service - Proportional Performance - Straightline method is applicable to service arrangements in which services are delivered/performed over an extended period of time and in which 1) the customer receives value as the services are performed and 2) neither the input or output methods provide a reliable measure of the performance pattern. Revenue is recognized ratably over the term of the of the agreement.

Method id: 6

Method name:

Services - Proportional Performance - Ratably over Estimated Service Period

Method description:

The Service - Proportional Performance - Ratably over Estimated Service Period method is applicable to service arrangements in which services are delivered/performed over an extended period of time and in which 1) the customer receives value as the services are performed, 2) neither the input or output methods provide a reliable measure of the performance pattern, 3) the arrangement does not specify the acts to be performed and 4) the arrangement does not specify a service period. Revenue is recognized ratably over the expected performance period.

Method id: 7

Method name:

Services - Upon completion

Method description:

The Service - Upon completion is applicable to service arrangements in which services are delivered/performed over an extended period of time and in which the customer receives no value until all services under the arrangement of been delivered/performed. Revenue is recognized upon completion or substantial completion of the contracted services.

Method id: 8

Method name:

Lease - Capital Lease

Method description:

Lease - Rent Revenue applies to lease payments received by a lessor under a capital lease.

Method id: 9

Method name:

Service - Subscription

Method description:

The Service - Subscription method is applicable to service arrangements in which the customer receives value from the delivered services based on the passage of time. Revenue is recognized ratably over the contractual service period.

Method id: 10

Method name:

Software - On Date License Period Begins

Method description:

The Software - On Date License Period Begins method is applicable to a software license regardless of the length of the license period. Revenue should be recognized on the date the license period begins assuming all other conditions have been met.

Method id: 11

Method name:

Software - PCS - Ratably Over PCS Period

Method description:

The Software - PCS - Ratably Over PCS Period method is applicable to software PCS services provided in the arrangement over a specified period of time.

Method id: 12

Method name:

Long-term Contract - Percentage-of-completion - Input Method

Method description:

The Percentage-of-completion - Input Method is applicable to construction-type and production-type long-term contracts when 1) the entity can reasonably and dependably estimate revenues and costs, 2) inputs (e.g., labor hours) represent the best method more measuring the pattern of performance under the arrangement, 3) the contract executed between the contractor and the customer covers enforceable rights regarding the goods/services to be provided, fee arrangement and settlement terms, and 4) both parties intend to meet their contractual obligations. Inputs, such as costs (cost-to-cost method) or labor hours, are used as the measure of the contractor's progress toward completion of its contractual obligation.

Method id: 13

Method name:

Long-term Contract - Percentage-of-completion - Output Method

Method description:

The Percentage-of-completion - Output Method is applicable to construction-type and production-type long-term contracts when 1) the entity can reasonably and dependably estimate revenues and costs, 2) outputs represent the best method more measuring the pattern of performance under the arrangement, 3) the contract executed between the contractor and the customer covers enforceable rights regarding the goods/services to be provided, fee arrangement and settlement terms, and 4) both parties intend to meet their contractual obligations. Outputs, such as units delivered or units produced, are used as the measure of the contractor's progress toward completion of its contractual obligation.

Method id: 14

Method name:

Long-term Contract - Percentage-of-Completion - Zero Profit Approach

Method description:

The Percentage-of-Completion - Zero Profit Method should be used only when the contractor is protected from loss (e.g., a cost-plus type contract) but is unable to reasonably estimate costs, billings, and/or progress toward completion. Equal amounts of profit an cost are recognized each period until reasonable estimates can be made or until completion.

Method id: 15

Method name:

Long-term Contract - Completed Contract method

Method description:

The Completed Contract method should be used if the financial statement results would not differ significantly from the results obtained by using the percentage-of-completion method. Generally, the completed contract method should be used only when reasonable estimates under the percentage-of-completion method can not be made and/or when inherent hazards make such estimates doubtful.

Method id: 16

Method name:

R&D Services - Milestone Method

Method description:

The Milestone Method is applicable to R&D arrangements in which the service provider meets its obligations over time and payments of consideration are contingent upon achieving milestones.

Method id: 17

Method name:

Lease - Sale

Method description:

Applicable to a sale-type lease.

Method id: 18

Method name:

Lease - Rent Revenue

Method description:

Lease - Rent Revenue applies to lease payments received by a lessor under an operating lease.

Method id: 19

Method name:

Franchise - Franchise sale (ASC 952-605-25)

Method description:

Franchise sale (ASC 952-605-25)

Method id: 20

Method name:

Sale at fair value

Method description:

Sale at fair value

Method id: 21

Method name:

As earned and becomes receivable

Method description:

As earned and becomes receivable

Method id: 22

Method name:

Services - Subscription

Method description:

Includes time-based services provided to the customer

Method id: 23

Method name:

Extended Maintenance - Ratably Over the Performance Period

Method description:

The Ratably Over the Performance Period method should be used for an extended maintenance or warranty agreement unless the historical cost pattern indicates that a proportional performance based on historical cost revenue recognition should be used.

Method id: 24

Method name:

Extended Maintenance - Proportional Performance Based on Historical Cost Pattern

Method description:

The Proportional Performance Based on Historical Cost Pattern method should be used only if the average historical cost pattern under extended maintenance and warranty agreements is significantly different than straight-line over the term of the agreements.

Method id: 25

Method name:

Guarantee - Ratably Over the Performance Period

Method description:

The Ratably Over the Performance Period method should be used for any guarantee.