# ASC 606-10-50: Revenue from Contracts with Customers — Overall — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/606/10/#50-disclosure) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:d38ba6319aa5d74e0fee89a5c1df09c52f4cb4e3e4da81abab48ab4b6adb8835 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 606-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/606/10/#50-disclosure) SEC content: no ##### [606-10-50-1](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:0c0fed38ebe0bd9e5b45e167e08b638eb240bd8f14caa1ffd32499abc5245fa8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. **The objective of the disclosure requirements in this Topic is for an entity to disclose sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") and cash flows arising from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). To achieve that objective, an entity shall disclose qualitative and quantitative information about all of the following:** 1. a **Its contracts with customers (see paragraphs [606-10-50-4 through 50-16](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-4) )** 2. b **The significant judgments, and changes in the judgments, made in applying the guidance in this Topic to those contracts (see paragraphs [606-10-50-17 through 50-21](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-17) )** 3. c **Any assets recognized from the costs to obtain or fulfill a contract with a customer in accordance with paragraph [340-40-25-1](https://asc.understandingaccounting.org/asc/340/40/#340-40-25-1) or [340-40-25-5](https://asc.understandingaccounting.org/asc/340/40/#340-40-25-5) (see paragraphs [340-40-50-1 through 50-6](https://asc.understandingaccounting.org/asc/340/40/#340-40-50-1) ).** ##### [606-10-50-2](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:b6440c7860ceac34665a0cb201f3dcc19a6a623459cfb8e76f5ce99526dd99b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall consider the level of detail necessary to satisfy the disclosure objective and how much emphasis to place on each of the various requirements. An entity shall aggregate or disaggregate disclosures so that useful information is not obscured by either the inclusion of a large amount of insignificant detail or the aggregation of items that have substantially different characteristics. ##### [606-10-50-3](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:29c70df509551380a22b9e7ee73e342da2d8f17d404d576343747d444728df6a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amounts disclosed are for each reporting period for which a statement of comprehensive income (statement of activities) is presented and as of each reporting period for which a statement of financial position is presented. An entity need not disclose information in accordance with the guidance in this Topic if it has provided the information in accordance with another Topic. #### Contracts with Customers ##### [606-10-50-4](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:389fef8807d2720d54724065ee637d9906622977e5452f1fc6b3b95b54a8d8b6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose all of the following amounts for the reporting period unless those amounts are presented separately in the statement of comprehensive income (statement of activities) in accordance with other Topics: 1. a [Revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") recognized from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), which the entity shall disclose separately from its other sources of revenue 2. b Credit losses recorded (in accordance with Subtopic 326-20 on financial instruments measured at amortized cost) on any receivables or [contract assets](https://asc.understandingaccounting.org/glossary/c/#contract-asset "An entity's right to consideration in exchange for goods or services that the entity has transferred to a customer when that right is conditioned on something other than the passage of time (for example, the entity's future performance).") arising from an entity's contracts with customers, which the entity shall disclose separately from credit losses from other contracts. ##### [606-10-50-5](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-5) Pending content: yes Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:16ebecfd2d0fbe68e9fe947b9a5dc77e544d87580b5a6ed8d3a4aa2ad8c122e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disaggregate [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") recognized from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. An entity shall apply the guidance in paragraphs [606-10-55-89 through 55-91](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-89) when selecting the categories to use to disaggregate revenue. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disaggregate [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") recognized from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. An entity shall apply the guidance in paragraphs [606-10-55-89 through 55-91](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-89) when selecting the categories to use to disaggregate revenue. ##### [606-10-50-6](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-6) Pending content: yes Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:cc438f4a0c4b33594337589a2cc080d4040d89e72cb39e6c44bcaa43eb511123 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In addition, an entity shall disclose sufficient information to enable users of financial statements to understand the relationship between the disclosure of disaggregated revenue (in accordance with paragraph [606-10-50-5](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-5)) and revenue information that is disclosed for each reportable segment, if the entity applies Topic 280 on segment reporting. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)In addition, in interim and annual reporting periods, an entity shall disclose sufficient information to enable users of financial statements to understand the relationship between the disclosure of disaggregated revenue (in accordance with paragraph [606-10-50-5](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-5)) and revenue information that is disclosed for each reportable segment, if the entity applies Topic 280 on segment reporting. ##### [606-10-50-7](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:fb975e7f7c66a84cb36cbf3efb571c4826fc53e818f52fc8699fe84b11d1bdf4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity, except for a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC."), a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the Securities and Exchange Commission (SEC), may elect not to apply the quantitative disaggregation disclosure guidance in paragraphs [606-10-50-5 through 50-6](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-5) and [606-10-55-89 through 55-91](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-89) . If an entity elects not to provide those disclosures, the entity shall disclose, at a minimum, revenue disaggregated according to the timing of transfer of goods or services (for example, revenue from goods or services transferred to customers at a point in time and revenue from goods or services transferred to customers over time) and qualitative information about how economic factors (such as type of customer, geographical location of customers, and type of contract) affect the nature, amount, timing, and uncertainty of revenue and cash flows. ##### [606-10-50-8](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-8) Pending content: yes Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:e54078a3f72a31ecd7a525373c1d6be0b8a0bb8747b842f0c5d2c46640610499 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose all of the following: 1. a The opening and closing balances of receivables, [contract assets](https://asc.understandingaccounting.org/glossary/c/#contract-asset "An entity's right to consideration in exchange for goods or services that the entity has transferred to a customer when that right is conditioned on something other than the passage of time (for example, the entity's future performance)."), and [contract liabilities](https://asc.understandingaccounting.org/glossary/c/#contract-liability "An entity's obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), if not otherwise separately presented or disclosed 2. b [Revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") recognized in the reporting period that was included in the contract liability balance at the beginning of the period 3. c [Subparagraph superseded by Accounting Standards Update No. 2016-20](https://asc.understandingaccounting.org/updates/asu-2016-20/). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disclose all of the following: 1. a The opening and closing balances of receivables, [contract assets](https://asc.understandingaccounting.org/glossary/c/#contract-asset "An entity's right to consideration in exchange for goods or services that the entity has transferred to a customer when that right is conditioned on something other than the passage of time (for example, the entity's future performance)."), and [contract liabilities](https://asc.understandingaccounting.org/glossary/c/#contract-liability "An entity's obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), if not otherwise separately presented or disclosed 2. b [Revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") recognized in the reporting period that was included in the contract liability balance at the beginning of the period 3. c [Subparagraph superseded by Accounting Standards Update No. 2016-20](https://asc.understandingaccounting.org/updates/asu-2016-20/). ##### [606-10-50-9](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:7d55372f282dcee256817176f85dd2d814fac930e4ca03b8489d04e49222c10a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall explain how the timing of satisfaction of its performance obligations (see paragraph [606-10-50-12(a)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-12)) relates to the typical timing of payment (see paragraph [606-10-50-12(b)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-12)) and the effect that those factors have on the contract asset and the contract liability balances. The explanation provided may use qualitative information. ##### [606-10-50-10](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:39a7af8da6f842f2d9cb64ac786becc3800654bfc099a651bc6d1c24a36ffc76 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall provide an explanation of the significant changes in the contract asset and the contract liability balances during the reporting period. The explanation shall include qualitative and quantitative information. Examples of changes in the entity's balances of contract assets and contract liabilities include any of the following: 1. a Changes due to business combinations 2. b Cumulative catch-up adjustments to revenue that affect the corresponding contract asset or contract liability, including adjustments arising from a change in the measure of progress, a change in an estimate of the transaction price (including any changes in the assessment of whether an estimate of variable consideration is constrained), or a contract modification 3. c Impairment of a contract asset 4. d A change in the time frame for a right to consideration to become unconditional (that is, for a contract asset to be reclassified to a receivable) 5. e A change in the time frame for a performance obligation to be satisfied (that is, for the recognition of revenue arising from a contract liability). ##### [606-10-50-11](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:f3a28835277b6147d533777389319df9fca9d35f4eaf12124ca6ac1817b11c4f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity, except for a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC."), a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the SEC, may elect not to provide any or all of the disclosures in paragraphs [606-10-50-8 through 50-10](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-8) and [606-10-50-12A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-12A). However, if an entity elects not to provide the disclosures in paragraphs [606-10-50-8 through 50-10](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-8) and [606-10-50-12A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-12A), the entity shall provide the disclosure in paragraph [606-10-50-8(a)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-8), which requires the disclosure of the opening and closing balances of receivables, contract assets, and contract liabilities from contracts with customers, if not otherwise separately presented or disclosed. ##### [606-10-50-12](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-12) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:21ad93a898a715abccd2a3789e78b81db0b1030af4c481c0423e80cb58a07e83 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose information about its [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") in [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), including a description of all of the following: 1. a When the entity typically satisfies its performance obligations (for example, upon shipment, upon delivery, as services are rendered, or upon completion of service) including when performance obligations are satisfied in a bill-and-hold arrangement 2. b The significant payment terms (for example, when payment typically is due, whether the contract has a significant financing component, whether the consideration amount is variable, and whether the estimate of variable consideration is typically constrained in accordance with paragraphs [606-10-32-11 through 32-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-11) ) 3. c The nature of the goods or services that the entity has promised to transfer, highlighting any performance obligations to arrange for another party to transfer goods or services (that is, if the entity is acting as an agent) 4. d Obligations for returns, refunds, and other similar obligations 5. e Types of warranties and related obligations. ##### [606-10-50-12A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-12A) Pending content: yes Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:503fbaad65681ce9c4e99a85d938369c893002e022a4a625eb67480201a72276 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") recognized in the reporting period from performance obligations satisfied (or partially satisfied) in previous periods (for example, changes in transaction price). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disclose [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") recognized in the reporting period from performance obligations satisfied (or partially satisfied) in previous periods (for example, changes in transaction price). ##### [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13) Pending content: yes Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:038924fe6df99b0e321fd58ddf5219709f445239379c2eaa8ec47e515e17ec59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose the following information about its remaining [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer."): 1. a The aggregate amount of the [transaction price](https://asc.understandingaccounting.org/glossary/t/#transaction-price "The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.") allocated to the performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period 2. b An explanation of when the entity expects to recognize as [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") the amount disclosed in accordance with paragraph [606-10-50-13(a)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13), which the entity shall disclose in either of the following ways: 1. 1 On a quantitative basis using the time bands that would be most appropriate for the duration of the remaining performance obligations 2. 2 By using qualitative information. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disclose the following information about its remaining [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer."): 1. a The aggregate amount of the [transaction price](https://asc.understandingaccounting.org/glossary/t/#transaction-price "The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.") allocated to the performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period 2. b An explanation of when the entity expects to recognize as [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") the amount disclosed in accordance with paragraph [606-10-50-13(a)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13), which the entity shall disclose in either of the following ways: 1. 1 On a quantitative basis using the time bands that would be most appropriate for the duration of the remaining performance obligations 2. 2 By using qualitative information. ##### [606-10-50-14](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:880727a32e3ce39e2f95fc1f42444a294bfe73373f0c4c80584d96a8f1ccc8b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity need not disclose the information in paragraph [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13) for a performance obligation if either of the following conditions is met: 1. a The performance obligation is part of a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") that has an original expected duration of one year or less. 2. b The entity recognizes revenue from the satisfaction of the performance obligation in accordance with paragraph [606-10-55-18](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-18). ##### [606-10-50-14A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14A) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:256cf3c3b3fce5db8d73a004a108b1cbdcc98cacbf76c2e2a074e390d850d8c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity need not disclose the information in paragraph [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13) for variable consideration for which either of the following conditions is met: 1. a The variable consideration is a sales-based or usage-based royalty promised in exchange for a license of intellectual property accounted for in accordance with paragraphs [606-10-55-65 through 55-65B](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-65). 2. b The variable consideration is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation in accordance with paragraph [606-10-25-14(b)](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-14), for which the criteria in paragraph [606-10-32-40](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-40) have been met. ##### [606-10-50-14B](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14B) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:58b15f35ff949110dfc8d8ff0102e8bfe1d46f9ef9e5331cf736cf726fb7523c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The optional exemptions in paragraphs [606-10-50-14(b)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14) and [606-10-50-14A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14A) shall not be applied to fixed consideration. ##### [606-10-50-15](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-15) Pending content: yes Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:e37e7d1d28b10306197140c5dd29d97493a5c37edb624b31af47a04f732ec623 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose which optional exemptions in paragraphs [606-10-50-14 through 50-14A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14) it is applying. In addition, an entity applying the optional exemptions in paragraphs [606-10-50-14 through 50-14A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14) shall disclose the nature of the performance obligations, the remaining duration (see paragraph [606-10-25-3](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-3)), and a description of the variable consideration (for example, the nature of the variability and how that variability will be resolved) that has been excluded from the information disclosed in accordance with paragraph [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13). This information shall include sufficient detail to enable users of financial statements to understand the remaining performance obligations that the entity excluded from the information disclosed in accordance with paragraph [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13). In addition, an entity shall explain whether any consideration from contracts with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") is not included in the transaction price and, therefore, not included in the information disclosed in accordance with paragraph [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13). For example, an estimate of the transaction price would not include any estimated amounts of variable consideration that are constrained (see paragraphs [606-10-32-11 through 32-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-11) ). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disclose which optional exemptions in paragraphs [606-10-50-14 through 50-14A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14) it is applying. In addition, an entity applying the optional exemptions in paragraphs [606-10-50-14 through 50-14A](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-14) shall disclose in interim and annual reporting periods the nature of the performance obligations, the remaining duration (see paragraph [606-10-25-3](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-3)), and a description of the variable consideration (for example, the nature of the variability and how that variability will be resolved) that has been excluded from the information disclosed in accordance with paragraph [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13). This information shall include sufficient detail to enable users of financial statements to understand the remaining performance obligations that the entity excluded from the information disclosed in accordance with paragraph [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13). In addition, an entity shall explain whether any consideration from contracts with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") is not included in the transaction price and, therefore, not included in the information disclosed in accordance with paragraph [606-10-50-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13). For example, an estimate of the transaction price would not include any estimated amounts of variable consideration that are constrained (see paragraphs [606-10-32-11 through 32-13](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-11) ). ##### [606-10-50-16](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-16) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:5db2d3b445105f8830e09b709812bc3acbf80a5079ec1472cc7907122c7737ba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity, except for a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC."), a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the SEC, may elect not to provide the disclosures in paragraphs [606-10-50-13 through 50-15](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-13) . #### Significant Judgments in the Application of the Guidance in This Topic ##### [606-10-50-17](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-17) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:4ebd4eb032cd22dcfe3696d99a749c580ebd72666568b4a3e038477fe14566e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose the judgments, and changes in the judgments, made in applying the guidance in this Topic that significantly affect the determination of the amount and timing of [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). In particular, an entity shall explain the judgments, and changes in the judgments, used in determining both of the following: 1. a The timing of satisfaction of [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") (see paragraphs [606-10-50-18 through 50-19](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-18) ) 2. b The [transaction price](https://asc.understandingaccounting.org/glossary/t/#transaction-price "The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.") and the amounts allocated to performance obligations (see paragraph [606-10-50-20](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-20)). ##### [606-10-50-18](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-18) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:a6bd6d420b70e06d528483a7ff27794823b68e56afd52216415bf7fb5d4f4562 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") that an entity satisfies over time, an entity shall disclose both of the following: 1. a The methods used to recognize [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") (for example, a description of the output methods or input methods used and how those methods are applied) 2. b An explanation of why the methods used provide a faithful depiction of the transfer of goods or services. ##### [606-10-50-19](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-19) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:c31f3dcf0e22e9bcf40f618035d6fe5c94e41b72cfbbf138f5458a1b5d4defa8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For performance obligations satisfied at a point in time, an entity shall disclose the significant judgments made in evaluating when a [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") obtains control of promised goods or services. ##### [606-10-50-20](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-20) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:db675491e605528cf17c65750f5f39da5e4fff6a61ab74401e5122ebbffeb0b2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose information about the methods, inputs, and assumptions used for all of the following: 1. a Determining the [transaction price](https://asc.understandingaccounting.org/glossary/t/#transaction-price "The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties."), which includes, but is not limited to, estimating variable consideration, adjusting the consideration for the effects of the time value of money, and measuring noncash consideration 2. b Assessing whether an estimate of variable consideration is constrained 3. c Allocating the transaction price, including estimating [standalone selling prices](https://asc.understandingaccounting.org/glossary/s/#standalone-selling-price "The price at which an entity would sell a promised good or service separately to a customer.") of promised goods or services and allocating discounts and variable consideration to a specific part of the [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") (if applicable) 4. d Measuring obligations for returns, refunds, and other similar obligations. ##### [606-10-50-21](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-21) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:8f6b0d2a6332e1fe9284ae361fb8ba0c50240fc5354bbcfaecbc4ef3e71db824 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity except for a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC."), a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the SEC, may elect not to provide any or all of the following disclosures: 1. a Paragraph [606-10-50-18(b)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-18), which states that an entity shall disclose, for [performance obligations](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer.") satisfied over time, an explanation of why the methods used to recognize [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") provide a faithful depiction of the transfer of goods or services to a [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") 2. b Paragraph [606-10-50-19](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-19), which states that an entity shall disclose, for performance obligations satisfied at a point in time, the significant judgments made in evaluating when a customer obtains control of promised goods or services 3. c Paragraph [606-10-50-20](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-20), which states that an entity shall disclose the methods, inputs, and assumptions used to determine the transaction price and to allocate the transaction price. However, if an entity elects not to provide the disclosures in paragraph [606-10-50-20](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-20), the entity shall provide the disclosure in paragraph [606-10-50-20(b)](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-20), which states that an entity shall disclose the methods, inputs, and assumptions used to assess whether an estimate of variable consideration is constrained. #### Practical Expedients ##### [606-10-50-22](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-22) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:772ec6e717e863366dd8c5aaa63146ee7fb29d53d804d0a9707ac6b13d1264ba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an entity elects to use the practical expedient in either paragraph [606-10-32-18](https://asc.understandingaccounting.org/asc/606/10/#606-10-32-18) (about the existence of a significant financing component) or paragraph [340-40-25-4](https://asc.understandingaccounting.org/asc/340/40/#340-40-25-4) (about the incremental costs of obtaining a [contract](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.")), the entity shall disclose that fact. ##### [606-10-50-23](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-23) Pending content: no Source downloaded (UTC): 2026-09-09T23:18:11.428Z to 2026-09-09T23:18:11.428Z Record version: sha256:4af0d1387fec572baec8f458d0171c0e92ad3da1646878af41ebc15fe7037125 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity, except for a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC."), a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, or an employee benefit plan that files or furnishes financial statements with or to the SEC, may elect not to provide the disclosures in paragraph [606-10-50-22](https://asc.understandingaccounting.org/asc/606/10/#606-10-50-22).