On the Radar — Revenue recognition

Published on: 01 Dec 2023

This publication briefly summarizes key issues related to the accounting for revenue from contracts with customers under ASC 606, including (1) the identification of performance obligations, (2) principal-versus-agent considerations, (3) the estimation and allocation of variable consideration, (4) licensing, and (5) financial statement disclosures. It also reflects recent developments related to the FASB’s postimplementation review process for evaluating whether the revenue standard is achieving its objective.

The On the Radar is available on the Deloitte Accounting Research Tool Web site.

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