MODULE 06 — ACCOUNTING STANDARDS
Order-to-Cash (O2C) Accounting Standards
Detailed FASB Accounting Standards Codification (ASC) frameworks governing revenue recognition and credit loss provisioning.
FASB ASC 606
ASC 606 — Revenue from Contracts with Customers →
Five-step framework for contract identification, performance obligation allocation, and deferred revenue amortization.
View Standard Guide →
FASB ASC 310 / ASC 326
ASC 310 / CECL — Receivables & Credit Loss Provisioning →
Current Expected Credit Loss (CECL) methodology for accounts receivable bad debt reserves and aging bucket risk modeling.
View Standard Guide →