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Revenue Recognition on Salesforce Winter 2019 Administrator Guide11/27/2019Table of Contents About This Guide...............................................................................................................................................4
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How to fill out understanding form revenue recognition

01
Begin by carefully reviewing the criteria outlined in ASC 606 for revenue recognition.
02
Gather all relevant financial information and documentation related to the transaction in question.
03
Determine the transaction price and allocate it to the performance obligations in the contract.
04
Recognize revenue as the performance obligations are satisfied.
05
Document the rationale behind your revenue recognition decisions and ensure proper disclosure in financial statements.

Who needs understanding form revenue recognition?

01
Companies that are required to comply with ASC 606 standards for revenue recognition.
02
Financial accountants and professionals involved in preparing financial statements.
03
Auditors who are responsible for reviewing and verifying the accuracy of financial reporting.

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