Remaining performance obligations
In accounting, remaining performance obligations means transaction price allocated to obligations not yet satisfied — deferred revenue plus contracted, unbilled amounts — disclosed with when it is expected to be recognized.
- Layer
- Lexicon
- Defined in
- Lexicon
- Also called
- RPO
- Nearby
- 4
Authority
This definition follows ASC 606-10-50-13.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- backlog (a sales term, broader or narrower by company)
- bookings
Nearby in the catalog
No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.
6Statements
Family specTerms this one depends on
- Transaction priceThe consideration an entity expects to be entitled to for the contract, including estimated variable consideration and excluding amounts collected for third parties such as sales tax
- Deferred revenueConsideration received, or unconditionally due, before the goods or services are transferred — a liability until the performance obligation is satisfied. ASC 606 calls it a contract liability
- TransactionA business event — a payment, a sale, a purchase
- RevenueInflows or enhancements of assets, or settlements of liabilities, from delivering goods or services — recognized when control transfers, not when cash arrives
Also in Revenue recognition
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.