RevRecGals
Insight into the operational side of revenue recognition accounting. A casual conversation between two revenue consultants with 30+ years of combined experience. Join us as we discuss the practical application of ASC 606 and hear stories of how revenue recognition is implemented in various companies and industries.
RevRecGals
EP36 Portfolio Method Practical Expedient
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ASC606 requires that adjustments to revenue be done at the transaction level. That's not always feasible due to a high volume of transactions or the inability to identify specific contracts to which the adjustment applies. In this episode, we discuss the Portfolio Method and how a top-level adjustment can be made which results in reporting revenue that is not materially different from adjusting on a transaction by transaction basis.
