{"version":"1.0","provider_name":"Sage Advice US","provider_url":"https:\/\/www.sage.com\/en-us\/blog","author_name":"Francesca Whitehall","author_url":"https:\/\/www.sage.com\/en-us\/blog\/author\/francescawhitehall\/","title":"What is ASC 606?","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"XgMAPT92Z2\"><a href=\"https:\/\/www.sage.com\/en-us\/blog\/glossary\/what-is-asc-606\/\">What is ASC 606?<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.sage.com\/en-us\/blog\/glossary\/what-is-asc-606\/embed\/#?secret=XgMAPT92Z2\" width=\"600\" height=\"338\" title=\"&#8220;What is ASC 606?&#8221; &#8212; Sage Advice US\" data-secret=\"XgMAPT92Z2\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.sage.com\/en-us\/blog\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","description":"ASC 606 and IFRS 15 are customer contract revenue recognition standards drafted in 2014 by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). Officially titled\u00a0Revenue from Contracts with Customers (Topic 606), the purpose behind the newly imposed standards was to standardize, 1) when an entity may recognize revenue and 2) [&hellip;]","thumbnail_url":"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/sage-logo.png","thumbnail_width":1200,"thumbnail_height":675}