ASC 606 impact on drop shipments by distributors
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ASC 606 impact on drop shipments by distributors

4 years ago · 626.9 KB Download

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The new revenue standard generally shifts revenue guidance to a control-based principle. This change extends to guidance on principal-agent determinations. While entities continue to recognize revenue gross as a principal and net as an agent, the framework for the determination has been modified to also reflect a control-based principle.

In this report, we will focus on tangible goods where a distributor has the tangible goods shipped directly from its supplier (usually a manufacturer) to the distributor’s customer, otherwise known as

Download the Report on drop shipments by distributors and ASC 606

File name: CPEA-rev-rec-dropships.pdf

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