Roadmap
Revenue Recognition (December
2020)
- Download the PDF version (available without subscription; not updated after issuance).
- View the active version (subscription required; updated as warranted). For subscribers, links to substantive changes made to the Roadmap since its issuance, if any, will be provided below.
This Roadmap provides Deloitte’s
insights into and interpretations of the guidance in ASC 606 on revenue from
contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC
610-20 on gains and losses on transfers of nonfinancial and in-substance
nonfinancial assets to noncustomers. The 2020 edition includes new guidance and
examples that reflect recent standard-setting and SEC developments. In addition, we
have reorganized much of the Roadmap’s content (e.g., by reformatting the Q&As
of last year’s edition as narrative text) to present it in a more user-friendly
manner. Appendix G of the Roadmap summarizes the key changes made in the 2020
edition and maps prior Roadmap Q&As to current Roadmap sections.
This Roadmap replaces the Deloitte Q&As that were contained in
ASC 606. To find the text in the Roadmap that corresponds to a former Q&A,
select the “Revenue” tab at the bottom of the Q&A to Roadmap Quick Reference Guide
and search for the Q&A’s number or title.
Be sure to check out other titles in Deloitte’s Roadmap
series, our comprehensive, easy-to-understand collection of
accounting guides on selected topics of broad interest to the financial reporting
community.