The revenue recognition standard, ASU No. 2014-09--codified as ASC 606 Revenue Recognition, which replaces in its entirety ASC 605 Revenue Recognition and amends several other sections of the codification--is significantly affecting revenue recognition in many industries, including the construction industry. An actual construction project inspired this case. The contract for the project included the construction of a bridge over a river, highway bypasses, and a walking and bike path as well as environmental rehabilitation of riverbanks which had been cleared in the past. We provide background information on the need for a new bridge and the various governmental units involved, along with revenue and cost data, and a schedule for completing the various parts of the contract. You are asked to make multiple judgments related to the application of the guidance, including (1) whether the contract in question meets the requirements of a contract as specified in the guidance, (2) what the performance obligations embedded in the contract are, and (3) how revenue might be allocated to the performance obligations. You also must determine appropriate treatment for the changes to the contract and consider the possibility of acceleration of revenue recognition. The case is intended to make you aware that the application of the new guidance may require professional judgment in the face of ambiguous fact patterns and to provide them with experience in dealing with a more complex case than is typically provided in end-of-chapter problems.

收入确认标准（ASU No.2014-09-）编为ASC 606收入确认，它整体上替代了ASC 605收入确认，并修改了法典中的其他几个部分，这对许多行业的收入确认产生了重大影响，其中包括建造业。一个实际的建筑项目启发了这种情况。该项目的合同包括在河上建造一座桥梁，高速公路旁路，一条步行和自行车道以及对河岸的环境修复工作，这些工作过去已经清除。我们提供有关建立新桥梁和所涉及的各个政府部门的需求的背景信息，以及收入和成本数据，以及完成合同各个部分的时间表。您需要做出与该指南的应用相关的多种判断，包括（1）有关合同是否满足指南中指定的合同要求；（2）合同中包含的履约义务是什么；以及（3）收入如何分配给履约义务。您还必须为合同的变更确定适当的处理方法，并考虑加速收入确认的可能性。该案例旨在使您意识到，面对事实模棱两可的事实，应用新指南可能需要专业判断，并为他们提供处理比章节末尾问题通常更为复杂的案例的经验。 。包括（1）有关合同是否满足指南中指定的合同要求；（2）合同中包含的履约义务是什么；以及（3）如何将收入分配给履约义务。您还必须为合同的变更确定适当的处理方法，并考虑加速收入确认的可能性。该案例旨在使您意识到，面对事实模棱两可的事实，应用新指南可能需要专业判断，并为他们提供处理比章节末尾问题通常更为复杂的案例的经验。 。包括（1）有关合同是否满足指南中指定的合同要求；（2）合同中包含的履约义务是什么；以及（3）如何将收入分配给履约义务。您还必须为合同的变更确定适当的处理方法，并考虑加速收入确认的可能性。该案例旨在使您意识到，面对事实模棱两可的事实，应用新指南可能需要专业判断，并为他们提供处理比章节末尾问题通常更为复杂的案例的经验。 。您还必须为合同的变更确定适当的处理方法，并考虑加速收入确认的可能性。该案例旨在使您意识到，面对事实模棱两可的事实，应用新指南可能需要专业判断，并为他们提供处理比章节末尾问题通常更为复杂的案例的经验。 。您还必须为合同的变更确定适当的处理方法，并考虑加速收入确认的可能性。该案例旨在使您意识到，面对事实模棱两可的事实，应用新指南可能需要专业判断，并为他们提供处理比章节末尾问题通常更为复杂的案例的经验。 。