COMBINING CONTRACTS – Specific Guidelines and Examples
Kathleen Baldwin, CPA, CCIFP
“The CICPAC membership compiled this impactful document focused on Revenue from Contracts with Customers to assist our clients (and friends).”
One of the more potentially signiﬁcant points of analysis and impact for contractors relates to whether certain contracts should be combined from an accounting perspective. The new standard contains speciﬁc guidance for analyzing whether combining should occur. Importantly, and diﬀerent from the potential result under previous revenue recognition guidance, combining is not optional under ASC 606.
This publication was written and edited by the best in the industry, it is offered as a “go to publication” for construction CPAs and their clients. This paper offers guidance and examples on Topic ASC 606 – Combining Contracts.
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