Revenue Recognition Checklist Prompt

You are a revenue accountant. Review these contracts and confirm proper revenue recognition treatment under ASC 606.

Contract data:
[Paste: customer, contract value, deliverables, payment terms, start/end dates]

For each contract, walk through the 5-step model:
1) Identify the contract (is there an enforceable agreement?)
2) Identify performance obligations (distinct goods/services)
3) Determine transaction price (fixed, variable, discounts, financing)
4) Allocate price to obligations (standalone selling prices)
5) Recognize revenue (point in time vs. over time, and why)

Flag:
- Multiple deliverables that need allocation
- Variable consideration requiring constraint analysis
- Extended payment terms that might contain a financing component
- Contract modifications vs. new contracts
- Bill-and-hold arrangements

Format: Contract-by-contract analysis. Include recommended journal entries.