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Self-Assessment

Is Your Revenue Recognition Bulletproof?

A 6-question diagnostic for finance leaders who want to know if their ASC 606 practices will hold up before auditors or investors start digging.

It's fast, free, and created by real technical accountants.

Revenue Recognition Shouldn't Be a Guessing Game.

ASC 606 changed the rules for how companies recognize revenue, and most finance teams are still catching up. Missteps don't just create audit headaches; they can erode investor confidence and delay funding.

Our technical accounting team built this quick assessment to help you spot gaps before they become problems so you can move forward with clarity and confidence.

This tool is ideal for finance teams who are:

  • Navigating ASC 606 for complex or bundled contracts
  • Preparing for an audit, fundraise, or M&A diligence
  • Unsure whether deferred revenue, variable consideration, or contract modifications are handled correctly
  • Running lean without dedicated technical accounting resources

If you've ever wondered, "Are we recognizing revenue the right way?" This is for you.

6-Question Diagnostic

Revenue Recognition Self-Assessment

A Quick Note Before You Start:

  • Not sure how to answer something? Just select "NA", we'll still give you helpful guidance based on what you do know
  • This is a self-assessment, not a full audit. It's meant to surface gaps, clarify priorities, and give you direction

Please note that this is a self-assessment, not a comprehensive audit. It is designed to help you identify areas for improvement in your revenue recognition practices.

1 Do you record revenue only when you deliver your product or service?

2 For long-term projects (greater than 1 month), do you measure progress and recognize revenue as work is done?

3 Do your contracts clearly state what you promise and when it’s complete?

4 Are upfront payments recorded as deferred revenue until you deliver?

5 Do you have a plan to handle refunds, returns, and discounts?

6 When contracts change, do we update our revenue recognition accordingly?

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