The Five-Step Model: Finding the Performance Obligations
This lesson is part of the course
In this lesson
You walk through a Brightline Systems contract with Northgate Retail, decide which promises are separate performance obligations and when each is satisfied, and count them.
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Lessons in this course
- The Five-Step Model: Finding the Performance Obligations Locked
- Transaction Price: Variable Consideration & the Constraint Locked
- Allocating the Price: Estimating SSPs & the Residual Approach Locked
- Over Time vs Point in Time: Progress with the Cost-to-Cost Method Locked
- Software Bundle: Licence, Support & Implementation Month by Month Locked
- Contract Assets, Contract Liabilities & the Deferred Revenue Roll-Forward Locked
- Contract Modifications: Separate Contract, Prospective or Catch-Up Locked
- Principal vs Agent: Gross or Net Revenue, and the Journal Locked