November 2023
Intermediate to advanced
1360 pages
48h 5m
English
Content preview from Wiley GAAP 2024
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36ASC 605 REVENUE RECOGNITION
CONCEPTS, RULES, AND EXAMPLES
Subtopics
With the implementation of ASC 606, there is no revenue recognition guidance in ASC 605. The Topic does provide guidance on certain losses. ASC 605, Revenue Recognition, contains two subtopics:
- ASC 605-20, Revenue Recognition—Provision for Losses on Separately-Priced Extended Warranty and Product Maintenance Contracts, which provides guidance on separately priced extended warranty and product maintenance contracts.
- ASC 605-35, Revenue Recognition—Provision for Losses on Construction-Type and Production-Type Contracts, which provides guidance on the accounting for a provision for losses on a contract for which a customer provides specifications for the production of facilities or the provision of related services.
(ASC 605-10-05-02)
The following Industry Subtopics contain revenue guidance:
- ASC 905-605, Agriculture—Revenue Recognition
- ASC 944-605, Financial Services—Revenue Recognition
- ASC 954-605, Health Care Entities—Revenue Recognition
- ASC 958-605, Not-for-Profit Entities—Revenue Recognition
- ASC 980-605,
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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