Finatune

Revenue Recognition

FreeMITGAJETOso

Apply ASC 606 and IFRS 15 five-step revenue recognition model to customer contracts.

⚠️
Finance AI Skills are instruction files for AI agents. They do not constitute financial, legal, tax, or investment advice. Always verify AI-generated outputs with a qualified professional before acting on them. Finatune is not responsible for outcomes resulting from use of these skill files.

This open-source skill guides AI agents through applying the ASC 606 and IFRS 15 five-step revenue recognition framework to customer contracts. It covers identifying performance obligations, determining transaction price, allocating price to obligations, and recognizing revenue at the correct point or over time. Handles SaaS subscription, services, and product revenue scenarios. MIT licensed and community maintained. For educational and productivity use only. Always verify AI-generated outputs with a qualified professional before acting on them.

Compatible Agents

ClaudeChatGPTGemini

Use Cases

  • ✓Apply ASC 606 / IFRS 15 five-step model
  • ✓Identify performance obligations in contracts
  • ✓Determine transaction price and allocation
  • ✓Recognize revenue at correct point or over time

Trigger Phrases

“Apply revenue recognition rules”“How do I recognize this revenue”“Apply ASC 606 to this contract”“Identify performance obligations”

How to Install

Copy the skill content, paste it into your AI agent's system prompt or project instructions, then describe your task.

Paste the skill link or content into your AI agent's system prompt or project instructions.

View Source

Requirements

  • Claude or equivalent
  • Customer contract or sales agreement

Technical Details

Author

GAJETOso

License

MIT

Price

Free

Install Method

copy-paste

Last Updated

2026-07-12

Status

active

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