Statements (30)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Accounting Standards Update
|
| gptkbp:affects |
Private companies
Public companies Governmental entities Not-for-profit organizations |
| gptkbp:appliesTo |
All entities that enter into contracts with customers
|
| gptkbp:codifiedIn |
FASB ASC Topic 606
|
| gptkbp:convergedWith |
gptkb:IFRS_15
|
| gptkbp:effectiveDateNonpublicEntities |
Annual reporting periods beginning after December 15, 2018
|
| gptkbp:effectiveDatePublicEntities |
Annual reporting periods beginning after December 15, 2017
|
| gptkbp:establishes |
Five-step revenue recognition model
|
| gptkbp:fullName |
Accounting Standards Update 2014-09
|
| https://www.w3.org/2000/01/rdf-schema#label |
ASU 2014-09
|
| gptkbp:issuedBy |
gptkb:Financial_Accounting_Standards_Board
|
| gptkbp:issuedDate |
2014
|
| gptkbp:numberOfStages |
Identify the contract with a customer
|
| gptkbp:principle |
Recognize revenue to depict transfer of goods or services to customers
|
| gptkbp:purpose |
Establish principles for recognizing revenue from contracts with customers
|
| gptkbp:replacedBy |
gptkb:ASC_605
Industry-specific revenue guidance in U.S. GAAP |
| gptkbp:requiresDisclosureOf |
Qualitative and quantitative information about contracts with customers
|
| gptkbp:step |
Determine the transaction price
Identify the performance obligations in the contract Allocate the transaction price to the performance obligations Recognize revenue when (or as) the entity satisfies a performance obligation |
| gptkbp:title |
Revenue from Contracts with Customers
|
| gptkbp:transitionMethods |
Full retrospective
Modified retrospective |
| gptkbp:bfsParent |
gptkb:ASC_340
|
| gptkbp:bfsLayer |
7
|