ASC-606

ASC 606 SaaS billing / revenue recognition.

Définition

ASC 606 (Accounting Standards Codification Topic 606, Revenue from Contracts with Customers) est le US GAAP revenue recognition standard publie mai 2014 par FASB (Financial Accounting Standards Board) en partenariat avec IASB (International Accounting Standards Board IFRS 15 equivalent), effective 1 janvier 2018 public companies + 1 janvier 2019 private companies, replace nombreux industry-specific guidance precedent (Software Revenue Recognition SOP 97-2 + multiple) ; introduit 5-step model : (1) Identify contract, (2) Identify performance obligations, (3) Determine transaction price, (4) Allocate transaction price, (5) Recognize revenue when/as performance obligations satisfied. Plateforme + workflow detail integration ERP + CRM + general ledger + subscription lifecycle management + plans + pricing + dunning + collections + revenue schedules + accounting + multiple deployments enterprise + SMB customers; integration native Salesforce + NetSuite + SAP + Workday + multiple acceleration adoption SaaS Subscription Economy 2020s+.

Origine

ASC 606 published mai 2014 by FASB + IASB collaboration ; effective janvier 2018 public + 2019 private ; replaced SOP 97-2 + multiple industry-specific guidance.

Exemple en contexte

SaaS company sells subscription bundled with implementation services ASC 606 5-step analysis : (1) Contract signed with customer 12-month subscription $120K + implementation $30K, (2) 2 performance obligations identified - software subscription + implementation services, (3) Transaction price $150K, (4) Allocate based standalone selling prices ($120K subscription + $30K implementation), (5) Recognize $120K straight-line over 12 months as service delivered + $30K upon implementation completion.

Termes liés

• IFRS 15 — international equivalent IASB.