Finance AI Skill

Revenue Recognition

Automate complex revenue recognition calculations per ASC 606 / IFRS 15 including performance obligation identification, transaction price allocation, deferred revenue tracking, and contract modification handling. Use when implementing revenue recognition policies, processing multi-element arrangements, managing deferred revenue, handling contract modifications, preparing revenue disclosures, or auditing revenue practices. Triggers on phrases like "revenue recognition", "ASC 606", "IFRS 15", "performance obligation", "deferred revenue", "contract liability", "transaction price", "variable consideration", "bill vs recognize", "revenue deferral".