March 6, 202530 min
EP42 Case Study: Levi Strauss 2023 10K
In this episode, we investigate the Levi Strauss 2023 10K to see which revenue accounting practices may impact how they recognize and report revenue.
RevRecGals
Hosted by Susan Holmes and Natasha Castelli
Episodes
42
Latest episode
Mar 2025
Language
EN-US
About the show
Insight into the operational side of revenue recognition accounting. A casual conversation between two revenue consultants with 30+ years of combined experience. Join us as we discuss the practical application of ASC 606 and hear stories of how revenue recognition is implemented in various companies and industries.
Listen to episodes
February 13, 202521 min
EP41 Transfer of Control Point in Time
In Episode 40, we talked about Transfer of Control over time. Now it's time to discuss indicators that Transfer of Control has occurred at a point in time.
January 23, 202521 min
EP 40 Transfer of Control Over Time
The RevRec Gals are welcoming 2025 with our 40th episode! Who knew there was so much to nerd out about related to Revenue Accounting? This episode's topic is transfer of control over time. We discuss the criteria and indicators for recognizing revenue over time. Thanks for listening!
December 12, 202428 min
EP39 Concept of Distinct
Step 2 of ASC 606 is to identify your performance obligations. That task requires an understanding of how the guidance defines Distinct. Listen in as we discuss the nuances of determining if a good or service is distinct or distinct within the context of the contract.
November 21, 202435 min
EP38 Guest Jeff Alley of Everest Systems
In this episode, we are excited to welcome Jeff Alley of Everest Systems. The discussion covers a range of topics from the challenges faced by SaaS companies to how Revenue Accountants have a similar mind-set to system developers. He also tells us more about the SaaS ERP application his company is building which covers the full end-to-end process from booking to record and reporting.
October 31, 202430 min
EP37 Case Study: HP Instant Ink
This episode is a bit different. It's what we call a Case Study. We've taken a product or service, in this case, the HP Instant Ink Plan, and based on the information available to us, discussed what the Revenue team might have considered in determining the appropriate recognition for this service.
October 10, 202419 min
EP36 Portfolio Method Practical Expedient
ASC606 requires that adjustments to revenue be done at the transaction level. That's not always feasible due to a high volume of transactions or the inability to identify specific contracts to which the adjustment applies. In this episode, we discuss the Portfolio Method and how a top-level adjustment can be made which results in reporting revenue that is not materially different from adjusting on a transaction by transaction basis.
September 24, 202424 min
EP35 Implied Performance Obligations
Join us in this episode for a discussion on implied performance obligations, the challenges they present, and where to look for them.
August 29, 202421 min
EP34 Remaining Performance Obligations
This episode is all about Remaining Performance Obligations, a reporting requirement for quarterly and annual reports. We talk about the challenges of identifying and reporting on performance obligations not yet delivered.
August 8, 202427 min
EP33 Reserves and Accruals
Listen in as we dive into the topic of reserves and accruals.
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