revenue-recognition-advisor

Name: revenue-recognition-advisor
Author: Raishin

17stars3forks

How to install revenue-recognition-advisor?

raishin/vanguard-frontier-agentic/revenue-recognition-advisor

$npx -y skills add Raishin/vanguard-frontier-agentic --skill revenue-recognition-advisor

Installs into the current project.

Summary

Apply the ASC 606 / IFRS 15 five-step revenue recognition model to described arrangements. Provides the complete five-step framework with paragraph citations, judgment-area reference tables, confidence-scoring guidance, common restatement triggers, GAAP/IFRS delta checklist, and

Files · 1

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SKILL.md

1	# Revenue Recognition Advisor — Reference Skill
2
3	## Purpose
4
5	Provide the complete analytical framework for applying ASC 606 / IFRS 15 to described revenue arrangements, with specific paragraph citations, judgment-area reference tables, confidence-scoring guidance, and official documentation URLs.
6
7	## Official Documentation
8
9	\| Standard \| Source \| Access \|
10	\|---\|---\|---\|
11	\| FASB ASU 2014-09 Section A (full standard text) \| https://www.fasb.org/page/document?pdf=ASU+2014-09_Section+A.pdf \| Fully public PDF — no account required \|
12	\| FASB ASU 2014-09 (storage mirror) \| https://storage.fasb.org/ASU%202014-09_Section%20A.pdf \| Fully public PDF \|
13	\| FASB/IASB Comparison: Topic 606 vs. IFRS 15 \| https://storage.fasb.org/Comparison%20of%20Topic%20606%20and%20IFRS%2015.pdf \| Fully public PDF \|
14	\| ASC 606 (FASB Codification) \| https://asc.fasb.org/606 \| Free account required for full text \|
15	\| IFRS 15 HTML (2024 issued) \| https://www.ifrs.org/content/dam/ifrs/publications/html-standards/english/2024/issued/ifrs15.html \| Fully public \|
16	\| IFRS 15 PDF (2022 issued) \| https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-15-revenue-from-contracts-with-customers.pdf?bypass=on \| Fully public PDF \|
17	\| IFRS 15 supporting materials \| https://www.ifrs.org/supporting-implementation/supporting-materials-by-ifrs-standards/ifrs-15/ \| Fully public \|
18	\| IAS Plus IFRS 15 summary \| https://iasplus.com/en/standards/ifrs/ifrs15 \| Fully public \|
19	\| PCAOB Staff Audit Practice Alert 15 (Revenue) \| https://pcaobus.org/Standards/QandA/SAPA-15-revenue-accounting-standard.pdf \| Fully public PDF \|
20	\| PCAOB AS 2810 (evaluating misstatement) \| https://pcaob-assets.azureedge.net/pcaob-dev/docs/default-source/rules-standards/standards/auditing/as2810.pdf \| Fully public PDF \|
21	\| AICPA Illustrative ASC 606 Disclosures \| https://www.aicpa-cima.com/resources/download/asc-606-illustrative-annual-and-transition-disclosures \| Fully public \|
22	\| SEC EDGAR ASC 606 comment letters (2022–2025) \| https://efts.sec.gov/LATEST/search-index?q=%22ASC+606%22&dateRange=custom&startdt=2022-01-01&enddt=2025-12-31&forms=CORRESP \| Fully public \|
23
24	## The Five-Step Model
25
26	### Step 1 — Identify the Contract(s) with a Customer
27	ASC 606-10-25-1 through 606-10-25-8 \| IFRS 15.9 through 15.16
28
29	A contract exists when ALL five criteria are met:
30	1. Parties have approved the contract and are committed to perform
31	2. Each party's rights can be identified
32	3. Payment terms can be identified
33	4. The contract has commercial substance
34	5. Collection of substantially all consideration is probable
35
36	Key judgment: "Probable" under US GAAP = more likely than not (>50%). Under IFRS 15, "probable" = more likely than not — converged.
37
38	Contract combination (ASC 606-10-25-9): Combine when entered contemporaneously with the same customer, when negotiated as a package, or when consideration is interdependent.
39
40	### Step 2 — Identify the Performance Obligations
41	ASC 606-10-25-14 through 606-10-25-22 \| IFRS 15.22 through 15.30
42
43	A promised good or service (or bundle) is a performance obligation if it is distinct:
44	- Capable of being distinct (ASC 606-10-25-19a): Customer can benefit from it on its own or with readily available resources.
45	- Distinct within the context of the contract (ASC 606-10-25-19b): Not highly interrelated with or dependent on other promises.
46
47	BOTH tests must be met. Failure of either test → combine with related promises and reassess.
48
49	Series provision (ASC 606-10-25-14b / IFRS 15.22b): A series of distinct goods/services that are substantially the same and have the same pattern of transfer may be treated as a single performance obligation.
50
51	High-frequency judgment areas:
52	- SaaS: Is implementation a separate PO from the subscription? Usually fails the "distinct within context" test if heavily customized and the customer cannot benefit from the license without the implementation.
53	- Professional services: When standalone value exists and customer can engage others for similar services → likely distinct.
54	- Post-contract support / maintenance: Typically a separate PO (customer can benefit on its own).
55
56	### Step 3 — Determine the Transaction Price
57	**ASC

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revenue-recognition-advisor

17stars3forks

View on GitHub

How to install revenue-recognition-advisor?

raishin/vanguard-frontier-agentic/revenue-recognition-advisor

$npx -y skills add Raishin/vanguard-frontier-agentic --skill revenue-recognition-advisor

Installs into the current project.

Summary

Files · 1

View on GitHub

SKILL.md

1	# Revenue Recognition Advisor — Reference Skill
2
3	## Purpose
4
5	Provide the complete analytical framework for applying ASC 606 / IFRS 15 to described revenue arrangements, with specific paragraph citations, judgment-area reference tables, confidence-scoring guidance, and official documentation URLs.
6
7	## Official Documentation
8
9	\| Standard \| Source \| Access \|
10	\|---\|---\|---\|
11	\| FASB ASU 2014-09 Section A (full standard text) \| https://www.fasb.org/page/document?pdf=ASU+2014-09_Section+A.pdf \| Fully public PDF — no account required \|
12	\| FASB ASU 2014-09 (storage mirror) \| https://storage.fasb.org/ASU%202014-09_Section%20A.pdf \| Fully public PDF \|
13	\| FASB/IASB Comparison: Topic 606 vs. IFRS 15 \| https://storage.fasb.org/Comparison%20of%20Topic%20606%20and%20IFRS%2015.pdf \| Fully public PDF \|
14	\| ASC 606 (FASB Codification) \| https://asc.fasb.org/606 \| Free account required for full text \|
15	\| IFRS 15 HTML (2024 issued) \| https://www.ifrs.org/content/dam/ifrs/publications/html-standards/english/2024/issued/ifrs15.html \| Fully public \|
16	\| IFRS 15 PDF (2022 issued) \| https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ifrs-15-revenue-from-contracts-with-customers.pdf?bypass=on \| Fully public PDF \|
17	\| IFRS 15 supporting materials \| https://www.ifrs.org/supporting-implementation/supporting-materials-by-ifrs-standards/ifrs-15/ \| Fully public \|
18	\| IAS Plus IFRS 15 summary \| https://iasplus.com/en/standards/ifrs/ifrs15 \| Fully public \|
19	\| PCAOB Staff Audit Practice Alert 15 (Revenue) \| https://pcaobus.org/Standards/QandA/SAPA-15-revenue-accounting-standard.pdf \| Fully public PDF \|
20	\| PCAOB AS 2810 (evaluating misstatement) \| https://pcaob-assets.azureedge.net/pcaob-dev/docs/default-source/rules-standards/standards/auditing/as2810.pdf \| Fully public PDF \|
21	\| AICPA Illustrative ASC 606 Disclosures \| https://www.aicpa-cima.com/resources/download/asc-606-illustrative-annual-and-transition-disclosures \| Fully public \|
22	\| SEC EDGAR ASC 606 comment letters (2022–2025) \| https://efts.sec.gov/LATEST/search-index?q=%22ASC+606%22&dateRange=custom&startdt=2022-01-01&enddt=2025-12-31&forms=CORRESP \| Fully public \|
23
24	## The Five-Step Model
25
26	### Step 1 — Identify the Contract(s) with a Customer
27	ASC 606-10-25-1 through 606-10-25-8 \| IFRS 15.9 through 15.16
28
29	A contract exists when ALL five criteria are met:
30	1. Parties have approved the contract and are committed to perform
31	2. Each party's rights can be identified
32	3. Payment terms can be identified
33	4. The contract has commercial substance
34	5. Collection of substantially all consideration is probable
35
36	Key judgment: "Probable" under US GAAP = more likely than not (>50%). Under IFRS 15, "probable" = more likely than not — converged.
37
38	Contract combination (ASC 606-10-25-9): Combine when entered contemporaneously with the same customer, when negotiated as a package, or when consideration is interdependent.
39
40	### Step 2 — Identify the Performance Obligations
41	ASC 606-10-25-14 through 606-10-25-22 \| IFRS 15.22 through 15.30
42
43	A promised good or service (or bundle) is a performance obligation if it is distinct:
44	- Capable of being distinct (ASC 606-10-25-19a): Customer can benefit from it on its own or with readily available resources.
45	- Distinct within the context of the contract (ASC 606-10-25-19b): Not highly interrelated with or dependent on other promises.
46
47	BOTH tests must be met. Failure of either test → combine with related promises and reassess.
48
49	Series provision (ASC 606-10-25-14b / IFRS 15.22b): A series of distinct goods/services that are substantially the same and have the same pattern of transfer may be treated as a single performance obligation.
50
51	High-frequency judgment areas:
52	- SaaS: Is implementation a separate PO from the subscription? Usually fails the "distinct within context" test if heavily customized and the customer cannot benefit from the license without the implementation.
53	- Professional services: When standalone value exists and customer can engage others for similar services → likely distinct.
54	- Post-contract support / maintenance: Typically a separate PO (customer can benefit on its own).
55
56	### Step 3 — Determine the Transaction Price
57	**ASC

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