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Automated ASC 606 Note 6 Disclosures

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Automated ASC 606 Note 6 Disclosures

Quick Summary: Under ASC 606-10-50, reporting entities must disclose disaggregated revenue, contract balance rollforwards (contract assets and liabilities), and Remaining Performance Obligations (RPO). GAAPx automates the entire Note 6 footnote preparation for 10-Q, 10-K, and annual audit financial statements.

Required Disclosure Tables under ASC 606-10-50​

GAAPx automatically populates three primary disclosure tables:

1. Disaggregation of Revenue (ASC 606-10-50-5)​

Categorizes revenue into categories that depict how economic factors affect nature, amount, timing, and uncertainty:

  • By Product Category: Subscription Revenue vs. Professional Services vs. Usage/Consumption.
  • By Geography: North America, EMEA, APAC, LATAM.
  • By Timing of Transfer: Transferred Over Time vs. Point in Time.
| Disaggregation Category (in $000s) | Three Months Ended Sept 30, 2026 | Nine Months Ended Sept 30, 2026 |
| :--- | :--- | :--- |
| **Subscription & Platform (Over Time)** | $14,250 | $39,800 |
| **Professional Services & Implementation**| $1,420 | $4,650 |
| **Usage-Based Consumption** | $2,180 | $5,920 |
| **Total Revenue Recognized** | **$17,850** | **$50,370** |

2. Contract Balances Rollforward (ASC 606-10-50-8)​

Reconciles the opening and closing balances of Contract Liabilities (Deferred Revenue) and Contract Assets (Unbilled Receivables).

Ending Deferred Revenue = Beginning Balance + Invoiced Additions - Revenue Recognized ± Cumulative FX/Adjustments

3. Remaining Performance Obligations / RPO (ASC 606-10-50-13)​

Represents contracted future revenue that has not yet been recognized. GAAPx breaks down RPO by expected timing of recognition:

  • Expected to be recognized within 12 months (Current RPO).
  • Expected to be recognized thereafter (Non-current RPO).

How to Generate Note 6 in GAAPx​

  1. Navigate to Reporting > Note 6 Disclosures.
  2. Select your Fiscal Period (e.g., 2026 Q3 or FY 2026 Annual).
  3. Toggle your disclosure dimensions (Product, Geography, Contract Duration).
  4. Review the automated variance checks and GAAP consistency validations.
  5. Click Copy Markdown for Notion/Word, or Export to DOCX / SEC EDGAR format.
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