The Revenue Recognition module is now available in beta. This tool handles all basic revenue recognition under ASC 605, as well as industry-specific revenue recognition methods for Software (ASC 985-605), Leases (ASC 840), Franchisors (ASC 952), and Entertainment – Film (ASC 926). Support for additional industry-specific revenue recognition methods will be added soon.
Our Revenue Recognition tool walks you through all of the pertinent steps for evaluating single-deliverable and multiple-deliverable arrangements, including separation of elements, allocation of consideration, and the conditions required to be met for revenue recognition.
You are welcome to use this site as a visitor. The site is designed to provide a logical decision process and guidance at each step. However, if you wish to save your analysis as a project for future editing or printing, please register. Registration is free. So why not?