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Table Of Contents

Persuasive evidence of an arrangement
Side agreements
Determining if delivery has occurred or services have been performed
Consignment sales and fnancing arrangements
Fixed or determinable fees
Cancellation provisions
Contingent income
Right of return
Sales incentives
Cooperative advertising
Slotting fees and buydowns
Price-protection features
Collectibility is reasonably assured
When is revenue recognized for product sales?
Delivery terms
Bill and hold transactions
Layaway sales
Consignment sales
Customer acceptance
Inconsequential or perfunctory activities
Payment terms
Subsequent change in collectibility
What is the accounting for service transactions?
Fixed or determinable fees and collectibility
Extended payment terms
Services rendered (delivery)
Nonrefundable up-front fees
Inconsequential or perfunctory obligations
Specifc performance method
Completed performance method
Proportional performance method
Standard warranties
Separately priced warranties
Separately priced warranty
Scope of ASC 605-25
Determining the arrangement
Identifying elements in an arrangement
Accounting literature interaction in multiple-element arrangements
Stand-alone value
Measurement and allocation of arrangement consideration
Allocating consideration to the various elements in an arrangement
Determining the selling price
Considerations for developing a best estimate of selling price
Use of contract prices
Utilizing a range of estimated selling prices
Documentation considerations for developing a best estimate of selling price
Allocating signifcant and incremental future discounts
General rights of return
What is the accounting for a right of return?
Specifc rights of return
Software revenue recognition guidance scope exceptions
Recognizing software revenue
Multiple-element arrangements
Combining contracts
Allocating consideration
Interaction with other accounting literature
Evidence of an arrangement
Physical delivery
Electronic delivery
Customer acceptance uncertainties
Delivery: electronic delivery
Multiple copies of software products versus multiple licenses
Multiple copies of software products or licenses
Authorization codes
Use of fulfllment houses
Impact of license term in initial and renewal arrangements
Financing arrangements
Additional software elements
Specifed additional software products
Unspecifed additional software products
Upgrades or enhancements
Discounts on future software elements
Hosting arrangements
Multiple-element hosting arrangements with software element
Multiple-element hosting arrangements with no software element
Software with signifcant production, modifcation, or customization
Percentage-of-completion method
Postcontract customer support, including unspecifed upgrades
Establishing VSOE of fair value of PCS
VSOE of fair value does not exist for PCS
VSOE of fair value of PCS in short-term time-based licenses
VSOE of fair value of PCS in short-term, time-based licenses
VSOE of fair value of PCS in multiple-year time-based licenses
PCS during deployment stage
Various other PCS issues
Exchange or return rights
Platform-transfer rights
Arrangements with both software and services
Separating services from the software
Service element essential to functionality of software
Funded software-development arrangements
When and how should contract accounting be applied?
Completed-contract method
Measuring the extent of progress toward completion
Combining or segmenting contracts
Segmenting contracts
Change orders
Loss contracts
Customer acquisition and set-up costs
Fulfllment costs
Recoverability of capitalized costs
Service arrangements
Milestone-based model
Milestone defnition
Substantive milestones
Performance-based models
Other considerations
Collaborative arrangements
Active participation
Signifcant risks and rewards
Income statement classifcation
Gross versus net presentation
Revenue or gain classifcation
Shipping and handling fees and related costs
SEC presentation requirements
Taxes collected from customers
Accounting policies
Milestone method
Collaborative arrangement disclosures
SEC disclosure requirements
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Revenue Recognition 2010

Revenue Recognition 2010

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Published by Cindy Zhang

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Published by: Cindy Zhang on May 26, 2012
Copyright:Attribution Non-commercial


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