Question: What Is Disaggregation Of Revenue?

What is disaggregated financial?

expenses, Cost of Goods Sold is disaggregated on the Statement of Comprehensive Income into fixed and variable items, and depreciation associated with operations is shown as a component of Cost of Goods Sold and General and Administrative Expenses..

What means disaggregate?

transitive verb. : to separate into component parts disaggregate sandstone disaggregate demographic data. intransitive verb. : to break up or apart the molecules of a gel disaggregate to form a sol.

Is a deposit a liability or asset?

The deposit itself is a liability owed by the bank to the depositor. Bank deposits refer to this liability rather than to the actual funds that have been deposited. When someone opens a bank account and makes a cash deposit, he surrenders the legal title to the cash, and it becomes an asset of the bank.

What is revenue backlog?

What is revenue backlog? Revenue backlog is unrecognized revenue from a subscription business. For SaaS businesses, the revenue backlog often comes predominantly from recurring revenue but can also include revenue from other sources (including investment) or one-time product sales.

What is ASC 606?

ASC 606 is the new revenue recognition standard that affects all businesses that enter into contracts with customers to transfer goods or services – public, private and non-profit entities. Both public and privately held companies should be ASC 606 compliant now based on the 2017 and 2018 deadlines.

What is disaggregated revenue data?

Disaggregated data refers to numerical or non-numerical information that has been (1) collected from multiple sources and/or on multiple measures, variables, or individuals; (2) compiled into aggregate data—i.e., summaries of data—typically for the purposes of public reporting or statistical analysis; and then (3) …

Is backlog a required disclosure?

ASC 606 revenue backlog disclosure is required only for the most recent period presented in the financial statements. Investors look at this disclosure as total contract value (TCV) less revenue recognized. … Investors do not believe companies would provide annual backlog/booking guidance.

Are customer deposits contract liabilities?

The company receiving a customer deposit initially records the deposit as a liability. … A customer deposit is usually classified as a current liability, since the company typically provides services or goods within one year of the deposit being made.

What is customer deposit on the balance sheet?

A liability account on the books of a company receiving cash in advance of delivering goods or services to the customer. The entry on the books of the company at the time the money is received in advance is a debit to Cash and a credit to Customer Deposits.

Is unbilled revenue an asset?

Like deferred revenue, Unbilled AR (accrued revenue) is an essential element and concept of revenue recognition for subscription businesses. Unbilled AR is an Asset account on the balance sheet that represents amounts recognized as revenue for which invoices have not yet been sent.