Direct answers to the questions controllers actually ask — ASC-referenced, with worked examples and journal entries. Each one can be re-run live in ResearchIQ with page-level citations.
Separate contract, prospective, or cumulative catch-up: how ASC 606-10-25-12 and 25-13 sort a modification, with SaaS and construction worked examples.
A repricing is a modification: book the fair value of the repriced option over the old one measured just before. Vested, unvested and exchange examples.
Often, but only after you determine the lease term. Who holds the termination rights, economic penalties and renewals decide it. Examples and entries.
Estimate variable consideration with the expected value or most likely amount, then constrain it. Worked bonus, returns and rebate examples with entries.
When an ASC 842 modification is a separate contract (842-10-25-8) and when to remeasure. Worked examples: added space, a cheaper extension, partial termination.
Consideration at fair value (805-30-30-7), contingent consideration (30-25-5), assets at fair value (805-20-30-1), deferred taxes, then goodwill. Worked PPA.
The ASC 470-50 10% cash flow test step by step, the 470-50-40-21 borrowing-capacity test for revolvers, the 40-2 gain or loss, and a worked term loan.
The eight sections auditors look for in a technical accounting memo, what gets memos kicked back, and a worked spine built on the 470-50 10% test.
Fine for orientation, not for conclusions. How fabricated ASC citations slip through, why effective dates trip it up, and a step-by-step verification protocol.
Incremental sales commissions are capitalized under ASC 340-40 and amortized over the period of benefit, including expected renewals. Worked example included.
Under ASC 805, payouts on target profits interest units are consideration or post-combination pay depending on what they are for. Continued employment decides.
Advisory fees are variable consideration for one stand-ready obligation met over time. Applying ASC 606's five steps to AUM fees billed in advance or arrears.