more-arw search

Q&A Forum

Milestone Payments

The agreement has multiple milestone payments. The determination of the payment schedule was to improve cash-flow on the project. The amount of the payments do not represent the value provided. The customer has signed off and paid several of the milestones as the project has progressed. What literature issued by FASB that I can point to establish the proper accounting and revenue recognition. ASC 605-25 does not apply. I can not find a compelling example in SAB #104. Would appreciate your feedback and guidance. Thank you.


Jeff Campbell
Title: Financial Consultant
Company: Independent Consultant - Freelancer
(Financial Consultant, Independent Consultant - Freelancer) |

quite a few views.

(CEO) |

For a long time people used SOP 81-1 for Contract Accounting ...


Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email [email protected] to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.