This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Accounting Spotlight

Accounting Spotlight newsletters, published as warranted, analyze key issues related to the implementation of accounting guidance on selected topics, such as revenue recognition.

Related Publications

Accounting Spotlight — Revenue recognition — Identifying performance obligations

Sep 17, 2019

This Accounting Spotlight discusses the identification of performance obligations under the new revenue standard (the guidance in ASU 2014-09, “Revenue From Contracts With Customers (Topic 606),” as amended). The publication explains that an entity applying the new revenue standard is required to identify a performance obligation by determining whether a promised good or service is (1) capable of being distinct and (2) distinct within the context of the contract. If the promised good or service does not meet both of these requirements, it must be combined with other goods or services promised in the contract until there is a combination of goods or services that meets the requirements.

Accounting Spotlight — Revenue recognition — Determining whether a performance obligation is satisfied at a point in time or over time

Jun 24, 2019

This Accounting Spotlight discusses the fact that under the FASB’s new revenue standard (the guidance in ASU 2014-09, “Revenue From Contracts With Customers (Topic 606)," as amended), entities may need to recognize revenue over time instead of at a point in time. They should evaluate the criteria in ASC 606-10-25-27 to determine the appropriate timing for revenue recognition.

Accounting Spotlight — Revenue recognition — Evaluating whether an entity is acting as a principal or as an agent

May 28, 2019

This Accounting Spotlight discusses the key principal-versus-agent considerations under the FASB’s new revenue standard (the guidance in ASU 2014-09, "Revenue From Contracts With Customers (Topic 606)," as amended) that an entity must evaluate to determine whether it is a principal or an agent in a transaction. The changes result from the standard’s shift from a risks-and-rewards model to a control model.

Accounting Spotlight — Revenue recognition — Accounting for costs of obtaining a contract

Apr 05, 2019

This Accounting Spotlight discusses whether particular costs, such as salaries, commissions, and bonus payments, are incremental costs of obtaining a contract with a customer and therefore should be capitalized under the cost guidance of the new revenue standard as codified in ASC 340-40. It also highlights considerations for determining the amortization period for capitalized costs of obtaining a contract with a customer in accordance with that guidance.

All Related

© 2019. See Legal for more information. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms and their related entities. DTTL (also referred to as "Deloitte Global") and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.

Select language:

IAS plus

IAS plus

Deloitte User?

IAS plus

Accounting Spotlight

Related Publications

Accounting Spotlight — Revenue recognition — Identifying performance obligations

Accounting Spotlight — Revenue recognition — Determining whether a performance obligation is satisfied at a point in time or over time

Accounting Spotlight — Revenue recognition — Evaluating whether an entity is acting as a principal or as an agent

Accounting Spotlight — Revenue recognition — Accounting for costs of obtaining a contract

Correction list for hyphenation