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U.S. GAAP Codification of Accounting Standards |
| U.S. GAAP Codification | Accounting Standards, ASC |
| Principles of Accounting, Intermediate Financial Accounting, U.S. GAAP Textbook |
| Accounting by Topic, Accounting Terms Dictionary |
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U.S. GAAP Accounting Standards |
| Codification Topic 605 Revenue Recognition SEC Staff Accounting Bulletin Topic 13 SEC Staff Accounting Bulletin (SAB) No. 104 1. In December 1999: SAB 101 added new Topic 13 to the SAB Codification 2. In December 2003: SAB 104 revised Topic 13 3. SAB Topic 13: Revenue Recognition Revenue Recognition Issues 1. Revenue recognition, general 2. Persuasive evidence of arrangement 3. Delivery and performance 4. Fixed or determinable sales price Delivery and performance 1. Bill and hold arrangements 2. Customer acceptance 3. Inconsequential or perfunctory performance obligations 4. License fee revenue 5. Layaway sales arrangements 6. Nonrefundable up-front fees 7. Deliverables within an arrangement Fixed or determinable sales price 1. Refundable fees for services 2. Estimates and changes in estimates 3. Contingent rental income 4. Claims processing and billing services SEC Staff Accounting Bulletin Codification Topic 1: Financial Statements Topic 2: Business Combinations Topic 3: Senior Securities Topic 4: Equity Accounts Topic 5: Miscellaneous Accounting Topic 6: Interpretations of Accounting Series Releases and Financial Reporting Releases Topic 7: Real Estate Companies Topic 8: Retail Companies Topic 9: Finance Companies Topic 10: Utility Companies Topic 11: Miscellaneous Disclosure Topic 12: Oil and Gas Producing Activities Topic 13: Revenue Recognition Topic 14: Share-Based Payment |
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Codification Topic 605 Revenue Recognition |
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Subtopics of Codification Topic 605 605-10 Overall 605-15 Products 605-20 Services 605-25 Multiple-element arrangements 605-30 Rights to use 605-35 Construction-type and production-type contracts 605-40 Gains and losses 605-45 Principal agent considerations 605-50 Customer payments and incentives |
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Accounting Terms of Codification Topic 605-10 Readily convertible to cash |
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Accounting Terms of Codification Topic 605-15 Warranty |
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Accounting Terms of Codification Topic 605-20 Extended warranty Product maintenance contracts Retrospective insurance arrangements Separately priced contracts |
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Accounting Terms of Codification Topic 605-25 |
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Accounting Terms of Codification Topic 605-30 |
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Accounting Terms of Codification Topic 605-35 Contractor Cost-plus-award-fee contract Cost-plus-fixed-fee contract Cost-plus-incentive-fee contract (incentive based on cost) Cost-plus-incentive-fee contract (incentive based on performance) Cost-sharing contract Cost-type contracts Cost-without-fee contract Firm fixed-price contract Fixed-price contract with economic price adjustment Fixed-price contract providing for firm target cost incentives Fixed-price contract providing for performance incentives Fixed-price contract providing for prospective periodic redetermination of price Fixed-price contract providing for retroactive redetermination of price Fixed-price contract providing for successive target cost incentives Fixed-price level-of effort term contract Fixed-price contracts Profit center Time-and-material contracts Unit-price contracts |
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Accounting Terms of Codification Topic 605-40 |
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Accounting Terms of Codification Topic 605-45 Handling costs Shipping costs |
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Accounting Terms of Codification Topic 605-50 Breakage Buydowns Cash consideration Consideration Cooperative advertising Customer Reseller Slotting fees Vendor |
| Other Topics at the Codification 600 |
| Accounting Standards Codification, ASC, Overview |
| ASC Codification Topic 605: Revenue Recognition |
| Topic 605 is the only topic at the 600 level. |
| U.S. GAAP by Topic |
| Accounting Topics |
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