ASC专题605“收入确认”ASC Topic 606 Revenue From Contracts With Customers ASC专题606“客户合同收入”
but it also had broad concepts. In some cases, the guidance resulted in different accounting for economically similar transactions. In addition to the guidance in ASC Topic 605, Revenue Recognition, guidance can be found in numerous pieces of industry-specific guidance, such as that for the...
Payment terms might provide the customer withprotection if the other party fails to adequatelycomplete some or all of its obligations under thecontract, for example, retention payments inconstruction contracts. (ASC 606-10-32-17) Determining the Discount Rate for a Significant Financing Component. Th...
Audit and Accounting Guide (Construction Contractors) || The New Revenue Recognition Standard: FASB ASC 606doi:10.1002/9781119557630.app1,
《FASB会计准则汇编》(Financial Accounting Standards Board Accounting Standards Codification)按专题(Topic)分类如下所示: ASC Topic 105 Generally Accepted Accounting Principles ASC专题105“一般公认会计原则” ASC Topic 205 Presentation of Financial Statements ...
” (Stallings 2) Prior to this new standard being put it place, “there is no further guidance for separately accounting for more than one deliverable in a construction contract” (Stallings 2) for either US GAAP or IFRS. This now will provide more guidance for separate accounting. ...
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Leases of assets under construction. These are covered in ASC 360,Property, Plant, and Equipment. ASC 842 lease accounting for lessees For lessees, ASC 842 classifies every lease as either anoperating lease or a finance lease. This applies to all categories of leased assets, including both re...
Note: ASC 842 does not include assets that are covered in other accounting standards: Intangible assets (ASC 350) Minerals and biological assets including timber (ASC 930, 932) Inventory (ASC 330) Assets under construction (Covered under ASC 360) ...