Advanced

Revenue Recognition: Principal vs. Agent

Analyzes control to determine if revenue should be recorded Gross or Net.

Apply the ASC 606 guidance on 'Principal vs. Agent' considerations to the following transaction: {transaction_details}. Analyze who controls the good or service before it is transferred to the customer. Consider: 1. Primary responsibility, 2. Inventory risk, and 3. Discretion in establishing prices. Conclude on Gross vs. Net reporting.

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Generates a comprehensive month-end close checklist tailored to your company type and size.

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ASC 606 Five-Step Compliance Checker

Analyzes a described revenue arrangement against each of the 5 steps of ASC 606. Flags potential issues and recommends documentation.

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ASC 606 disclosure checklist mapped to data sources

Generates an ASC 606/IFRS 15 disclosure checklist and maps each disclosure to internal data sources and owners. Ideal for SEC reporting teams and controllers improving disclosure readiness.

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