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Revenue recognition featured videos

This 12-part video series covers elements of revenue recognition important to Topic 606 implementation for public and private companies.


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Contract costs

What do contract costs have to do with a revenue standard? Learn how to determine if contract costs are in the scope of Topic 606.


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Core principle and key steps

This video clip discusses the core principle of ASC Topic 606 and the five step model to applying the principle.



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Effective date and transition

This video provides the deadlines for all entities and a description of possible transition methods for Topic 606.


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Scope of Topic 606

This video explains the scope of ASC Topic 606, Revenue from Contracts with Customers, and where it applies.


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Step 1

What is a customer contract? This video provides details on the first step of Topic 606 and how to identify a contract with a customer.


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Background and recent activities

This section provides background on revenue recognition standards and a review of the changes since the issuance of ASU 2014-09.


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Step 4

This video clip details how to allocate the transaction price when implementing ASC Topic 606, Revenue from Contracts with Customers.


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What's changing?

This video clip discusses the big picture items that will be changing with Topic 606, Revenue from Contracts with Customers.


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Step 2

This video clip goes into Step 2 and how to identify the performance obligations in a contract with a customer.


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Step 3

What is the transaction price and how do you determine this? Learn how in Step 3 of applying the new revenue recognition standard.


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Presentation and disclosure

This video provides an explanation of various presentation issues as well as the disclosures that are required.


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Step 5

This video goes into the fifth and final step is recognizing revenue for Topic 606. Find out when a performance obligation is satisfied.