What is the difference between ASC 605 and 606?

Related questions

1. What qualifies as a financial asset?
2. How many countries use IFRS?
3. When did IFRS 15 come into effect?
4. What is a performance obligation IFRS 15?
5. How do you recognize revenue?
6. What are the two basic types of financial assets?
7. What is the purpose of IFRS?
8. Is land a financial asset?
9. What is ASC 606 Revenue?
10. What is a contract asset IFRS 15?

Tags

1. #promises
2. #principles
3. #revenue
4. #transfer
5. #contract
6. #recognition
7. #judgement
8. #framework
9. #based
10. #focused
11. #satisfaction
12. #focuses
13. #prescribed
14. #control
15. #rather
16. #nature
17. #introduces
18. #obligations
19. #process