Power and utilities video series
ASC 606: Revenue recognition
This four-part video series is an interactive conversation with James Barker, Deloitte & Touche partner and co-chair of the AICPA Revenue Recognition Task Force for Power & Utilities, exploring how ASC 606 Revenue from contracts with customers affects power and utilities entities, providing insight into the work of the task force on the issues deemed most important to the industry.
ASC 606: Revenue Recognition—Implementation issues for the power and utility sector
Part one: Overview
An interactive conversation with James Barker, partner and co-chair of the AICPA Revenue Recognition Task Force for Power & Utilities, exploring how the new standard affects power and utility entities, providing insight into how the task force believes the standard should be applied.
Part two: A closer look at blend-and-extend
This interview focuses specifically on how the task force believes the standard should be applied to the blend-and-extend issue, addressing the question of if a blend-and-extend modification represents a new agreement or a separate extension.
Part three: Variable consideration
This interview covers both variability of price and variability of volumes and how the task force thinks the standard should be applied.
Part four: Bundled sales
This interview considers the identification of separate performance obligations and timing of revenue and how the task force believes the standard should be applied to bundled sales.
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