• EP36 Portfolio Method Practical Expedient

  • Oct 10 2024
  • Length: 20 mins
  • Podcast

EP36 Portfolio Method Practical Expedient

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  • Summary

  • 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.
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