Revenue Recognition: Part 3 — Case Studies for Steps 3 & 4
The third in a five part series, this webinar focused on Steps 3 and 4 within ASC Topic 606. Step 3 requires that an entity determine the transaction price. The presenters discussed some of the implementation issues regarding determining the transaction price. Step 4 then requires entities to allocate the transaction price from Step 3 and allocate it to the performance obligations identified in Step 2, which was covered in Part 2 of this webinar series. This course covered the permitted methods of allocating.