Modifying a contract? Your revenue recognition may change

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We continue our revenue podcast miniseries discussing contract modifications. Contract modifications are accounted for as either a separate contract or as part of the existing contract, depending on the nature of the modification.In this episode, we discuss: 4:47 – An overview of contract modifications 5:57 – Modifications that are accounted for as separate contracts 6:54 – Modifica...