How much consideration is not expected to be received, and / or is expected to be returned due to refunds, price concessions or similar items?

Amounts that are anticipate to be refunded to clients shall be excluded from the transaction price. If cash is collected that is expected to be refunded, then the amount shall be accounted for as a refund liability. The estimate related to refunds, and the refund liability, should be updated at the end of each reporting period.

Note: In certain instances, the measurement of the refund liability maybe measured at a portfolio, rather than, contract level. In addition, there maybe an asset related to recognition of a refund liability (i.e., if a product is anticipated to be returned).

ASC 606 10-32-10 and ASC 606-10-55-22 thru ASC 606-10-55-29

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