Period-end revenue review
Provides a monthly view of recognised revenue and deferred balances across the contract register, supporting review of revenue timing and period-end liabilities.
— Finance & Investment
Revenue recognition schedule (IFRS 15 / ASC 606)
Fans each contract's transaction price across periods to produce a month-by-month recognised-versus-deferred schedule, with an audit-ready memo on the judgement calls behind it.
- Finance & Investment
- Traceable reasoning
- Runs anywhere
1–2 weeks → ~40 minutes
For a full population, not a sample
No coding required
- Input
- Contract register with contract identifiers and transaction prices
- Output
- Period-by-period revenue recognition schedule
- Runs in
- Skillsize · ChatGPT · Claude · Copilot
- Export
- SKILL.md · MCP
- Time saved
- ~1–2 weeks per run
— USE CASES
What people use Revenue recognition schedule (IFRS 15 / ASC 606) for
Contract accounting assessment
Documents performance obligations, transaction price allocation choices and over-time versus point-in-time recognition judgements. Highlights where a different interpretation could affect the schedule.
Audit workpaper preparation
Produces a recognition schedule with a supporting judgement memo, giving reviewers a clear basis for assessing the calculations and accounting rationale.
Portfolio deferred revenue review
Summarises deferred revenue balances across contracts by period, making the aggregate position available alongside contract-level recognition detail.
What it works from
- Contract register with contract identifiers and transaction prices
- Contract terms and durations, where available
- Performance obligation details and recognition bases, where available
- Relevant allocation assumptions and accounting judgements
What you get back
- Period-by-period revenue recognition schedule
- Monthly recognised revenue and deferred balances by contract
- Aggregate deferred revenue balances by period
- Judgement memo covering allocation choices and recognition timing under IFRS 15 or ASC 606 review criteria
— HOW IT BEHAVES
How Revenue recognition schedule (IFRS 15 / ASC 606) produces its result
The mechanics behind this specific template — what it reads, what it calculates, and where a human stays in the loop.
Every row of the reporting period in scope
Each row of your export is processed on the same basis, so no line item is skipped however long the table is.
The pattern charted
Movement across the reporting period in scope is visualised from the computed data, so the trend is legible at a glance.
Composed as work product
Findings on the reporting period in scope are written up as a document that reads like professional output, with each claim tied back to a line item.
Each line item enriched in place
Derived columns are added row by row, keeping your source data and the judgement about each line item side by side.
Roll-up alongside line item-level detail
Detail rows are summarised into the grouped view of the reporting period in scope without losing the underlying line items.
Why this is expensive by hand
Revenue recognition work combines contract interpretation with calculations that must remain consistent across reporting periods. In practice it shows up as period-end revenue review: provides a monthly view of recognised revenue and deferred balances across the contract register, supporting review of revenue timing and period-end liabilities. It is the kind of work that decides whether a recommendation survives scrutiny — and the kind that quietly eats 1–2 weeks of senior time whenever it comes round.
How this Skill produces it
As a Skill, the work is already sequenced. You bring the evidence, and the run produces period-by-period revenue recognition schedule plus monthly recognised revenue and deferred balances by contract. The judgement is built in — how items are broken up, what standard they are held to, and where the run stops for a human review. The practical effect: 1–2 weeks of manual work becomes a ~40 minutes run, held to an identical standard on the tenth engagement as on the first.
Who it's for
- Finance directors and FP&A teams
- Investment, deal and corporate development teams
- Controllers and reporting managers
- Consultants building or reviewing business cases
Run it in Skillsize — or export it anywhere
Revenue recognition schedule (IFRS 15 / ASC 606) exports as a structured SKILL.md file and is MCP-ready, so the same method runs in ChatGPT, Claude, Copilot or your own AI products. Adapt it to your methodology, and the intelligence stays yours — not locked to one vendor.
ChatGPTClaudeCopilotAI Products (MCP)
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