A practical guide to contract costs under ASC 340-40 — capitalising sales commissions and fulfilment costs, the one-year expedient, amortisation, impairment, and the SaaS impact.
Accounting · Topic
US GAAP Revenue & Leases
Expert guides, analysis and tool comparisons on US GAAP Revenue & Leases from the kurums.com Accounting desk — written for business decision-makers and updated as the market moves.
- 5 guides
- Updated Jun 19, 2026
Latest in US GAAP Revenue & Leases
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Lessor Accounting Under ASC 842: Sales-Type, Direct Financing and Operating Leases
A practical guide to lessor accounting under ASC 842 — the three lease classifications, the accounting for each, lessor-lessee interaction, sale-and-leaseback, and key judgments.
Performance Obligations Under ASC 606: Unbundling Contracts for Revenue Recognition
A practical guide to performance obligations under ASC 606 — what makes a promise distinct, unbundling bundled contracts, contract modifications, the series guidance, and revenue timing.
ASC 842 Leases Under US GAAP: The Dual Lessee Model Explained
A practical guide to ASC 842 — the dual lessee model, finance vs operating classification, measuring the right-of-use asset and lease liability, exemptions, and the key difference from IFRS 16.
ASC 606 Revenue Recognition: The Five-Step Model Under US GAAP
A practical guide to ASC 606 — the five-step revenue model, performance obligations, transaction price, over-time vs point-in-time recognition, and disclosures under US GAAP.