Wiley Revenue Recognition plus Website

3Step 3—Determine the Transaction Price

1. Overview
2. Significant Financing Component
   1. Determining Whether there is a Financing Component
   2. Significant Financing Component—Contra Indicative Factors
      1. Timing is at the Discretion of the Customer
   3. Example 3.1: Timing is at the Discretion of the Customer
      1. Substantial Amount of the Consideration is Variable and Based on a Future Event Not Substantially within Control of the Customer or Entity
   4. Example 3.2: Substantial Amount of the Consideration is Variable and Based on a Future Event
      1. The Timing Difference Arises for Reasons Other than Providing Financing
   5. Example 3.3: The Timing Difference Arises for Reasons Other than Providing Financing
   6. Determining the Discount Rate for a Significant Financing Component
   7. Example 3.4: Discount Rate for a Significant Financing Component
      1. Customer's Credit Risk
      2. Implied Price Concession
      3. Impairment
   8. Presentation of a Significant Financing Component
3. Variable Consideration
   1. Types and Sources of Variable Consideration
      1. Exception
   2. Determining if Variable Consideration Exists
      1. Price Concessions
   3. Example 3.5: Implicit Price Concession
      1. Discounts
   4. Example 3.6: Volume Discounts
   5. Example 3.7: Variable Consideration—Reassessment of Volume Discount
      1. Rebates
      2. Pricing Based on an Index
      3. Price Protection and Price Matching Plans
   6. Example 3.8: Price Protection
   7. Estimating Total Variable Consideration
      1. Determining the Method for Estimating Variable Consideration
      2. Measuring the Variable Consideration
   8. Example 3.9: Estimating ...