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Revenue accounting reset – Variable consideration
We continue our revenue accounting miniseries with an episode taking a closer look at variable consideration—an essential and sometimes complex element in determining transaction price. From performance bonuses to volume-based rebates, we explore how to estimate and constrain variable amounts as well as when key exceptions apply.
In this episode, we discuss:
0:58 – Why variable consideration is a critical element of the ASC 606 model
7:00 – The general model for estimating variable consideration
9:02 – Applying the constraint on the amount of variable consideration
18:25 – Common types of…
The skinny
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