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ASC 606 Implications for Warranties

Due to the implications of ASC 606 on accounting for warranties, companies must classify warranties as either assurance or service-type warranties as well as allocate the transaction price evenly over the periods the warranty covers. »

Sally Li, CPA

12 Jan 2021

Opportunities for E-Commerce Companies Implementing ASC 606

E-commerce companies implementing ASC 606 have the opportunity to assess their operations and make improvements to bring added transparency and efficiency to their businesses. Some possible improvements include contract assessments, implementing scalable systems, and managing supplier relationships. »

Sally Li, CPA

17 Dec 2020

Revenue Recognition for E-Commerce Companies

Accounting teams at e-commerce companies face increasing complexity with revenue recognition, especially in regards to shipping/delivery date, suppliers, and returns. »

Sally Li, CPA

9 Dec 2020

4 Common Revenue Recognition System Challenges

Software revenue recognition has become increasingly complex for many companies. We’ll discuss common system issues that revenue accountants often face when it comes to ASC 606. »

Alyssa Fung, CPA

2 Dec 2020

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