In practice, what differences matter to you and/or do you think others may find significant?
Topic 605 Revenue Recognition Changes
Answers
Proformative has a free
"The New World of Revenue Recognition: Industry Impacts and Transition Options" https://www.proformative.com/events/new-world-revenue-recognition-industry-impacts-transition-options
Best... Sarah
Here are my big 3:
1. No VSOE needed for PCS or specified upgrades. Nice - no ridiculous deferrals of software revenue.
2. Ability to use a probability assessment for possible contingent revenue limitations. Very nice - don't have to assume the worst however remote.
3. Requirement to capitalize and amortize costs to fulfill a contract. Not so nice - I can't use my policy choice anymore to flow thru service costs in the period.