.... Editor’s note: Accepted by Mark J. Kohlbeck, under the Senior Editorship of Janet A. Samuels. 17 02 2022 28 02 2024 07 03 2024 2024 revenue recognition performance obligations transaction price allocation over time and point in time revenue recognition ASC 606...

... by the PCAOB at the time. This case study is designed to aid instructors in teaching accounting for sales with right of return under ASC 606 and is suited for an intermediate financial accounting course or a graduate course in accounting research. Students are required to exercise higher-order skills...

... the case setting is in India, it can be used in any country given its GAAP-agnostic nature. The case is best suited for intermediate accounting courses in which the topic of revenue recognition is addressed. 2022 revenue recognition construction contracts IFRS 15 ASC 606 accounting policy Ind...

... revenue recognition policies and restated its financial statements for three prior years. The case provides a real-world situation with complex contracts through which students can improve their understanding of the five-step revenue recognition process under ASC 606, which became effective in fiscal year...