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Perspectives

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.

Learn more from Deloitte Power & Utilities

Deloitte Power & Utilities provides opportunities for you to learn more about utility accounting matters, financial reporting, tax, and much more through our thought leadership, as well as our events and webcasts.

For more information on upcoming events, visit the Power & Utilities Quarterly Accounting webinar and the 2016 Deloitte Power & Utilities Fall Seminars page.

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