Standalone Selling Price (SSP) One Size Does Not Fit All

The new ASC 606 revenue recognition standard was adopted by most companies within the last three years with public companies adopting first and then followed later by private companies. A core concept in the new revenue recognition approach is the Five-Step model for identifying contracts, performance obligations, transaction prices, allocations, and timing for revenue recognition. Within the Five-Step model, Step 4 of ASC 606 requires an allocation of the total consideration in a contract, which an entity is legally entitled to collect for each distinct performance obligation. To learn more download our eBook now

Further this eBook covers;