Wiley Revenue Recognition plus Website

6Other Issues

1. Right of Return
   1. Example 6.1: Right of Return
   2. Comparison with Legacy Guidance
2. Warranties
   1. Overview
   2. Assessing the Warranty
      1. Warranty is a Performance Obligation
      2. Contract Includes Both Types of Warranty
   3. Example 6.2: Warranty—Sale of a Product with Warranty
   4. Comparison with Legacy Guidance
      1. IFRS
      2. U.S. GAAP
3. Principal versus Agent
   1. Overview
   2. Example 6.3: Assessing Whether an Entity is a Principal or an Agent
   3. Comparison with Legacy Guidance
      1. U.S. GAAP
      2. IFRS
4. Customer Options to Purchase Additional Goods or Services
   1. Assessing Whether the Customer has a Material Right
   2. Example 6.4: Option as a Separate Performance Obligation
   3. Recognition
   4. Practical Alternative
   5. Example 6.5: Discount Voucher that Gives the Customer a Material Right
5. Customer's Unexercised Rights (Breakage)
   1. Recognition
   2. Example 6.6: Breakage—Gift Card Sale
   3. Example 6.7: Breakage—Loyalty Points
   4. Unclaimed Property (Escheat) Laws
6. Nonrefundable Upfront Fees
   1. Recognition
   2. Practical Alternative
   3. Example 6.8: Upfront Fees Allocated to Separate Performance Obligations
   4. Setup Costs
   5. Renewal Options
   6. Example 6.9: Upfront Fee—Gym Membership
   7. Comparison with Legacy Guidance
      1. IFRS
      2. U.S. GAAP
7. Licenses
   1. Sale of Intellectual Property
   2. Licenses of Intellectual Property
   3. Assessing Whether a License is Distinct
   4. Example 6.10: License that is Not Distinct
   5. Example 6.11: License that is Distinct
   6. Nature of the Entity's Promise
   7. FASB's Clarified Guidance
      1. Symbolic License
      2. Functional License
   8. Sales- or Usage-Based Royalties
   9. Recognition ...