What does Finrep do for SEC reporting teams?

Finrep provides purpose-built workflows for SEC reporting including roll-forward analysis, peer alignment benchmarking, comment letter risk detection, filing readiness checks, and AI-assisted disclosure drafting — all grounded in evidence and peer precedent.

How does Finrep help with 10-K and 10-Q drafting?

Finrep's Disclosure Drafting workflow drafts or refines 10-K and 10-Q sections using peer precedent, prior period language, and applicable ASC guidance as grounding sources. Every output is traceable to its source.

Can Finrep help respond to SEC comment letters?

Yes. Finrep's Comment Letter Response workflow drafts substantive, defensible responses to SEC staff comment letters by referencing peer company responses and applicable accounting guidance.

What workflows does Finrep offer for CFO and Controller teams?

Finrep offers Certification Readiness, Cross-Period Consistency, and Board Briefing workflows — covering pre-certification risk summaries, narrative consistency checks, and audit committee-ready disclosure summaries.

Does Finrep support ESG and sustainability reporting?

Yes. Finrep includes ESG Disclosure Benchmark and ESG Regulatory Monitoring workflows, supporting TCFD, SASB, and GRI framework alignment as well as SEC climate disclosure rule tracking.

Which teams in the CFO office does Finrep support?

Finrep supports SEC Reporting, Technical Accounting, Legal Counsel, Investor Relations, Disclosure Committee, CFO and Controller, Tax Team, and ESG Reporting functions.

How is the distinct performance obligation test applied?

At the bundle level first (can the customer benefit from the deliverables together), then at the individual level (is the entity's promise to transfer separable). Both criteria documented with the ASC 606-10-25-19 analysis.

How does it handle unobservable standalone selling prices?

Estimation methodology applied (adjusted market assessment, expected cost plus margin, or residual approach) and documented with the basis for method selection per ASC 606-10-32-34.

What does the variable consideration constraint analysis cover?

Estimation method selection, constraint factors assessed (probability of significant reversal), and conclusion cited to ASC 606-10-32-11 through 32-16. Both expected value and most likely amount shown where relevant.

What peer treatment is surfaced?

Peer disclosures of similar arrangements from EDGAR, source-linked by step. Shows where practice is consistent and where it diverges.

Does it cover IFRS 15 as well?

Yes. IFRS 15 paragraph citations substituted for ASC 606 references where applicable. Divergence between ASC 606 and IFRS 15 conclusions flagged.

Is the output auditor-ready?

Yes. Structured as a technical accounting memo with every judgment citable. Format aligned with audit workpaper expectations.

Technical Accounting

Revenue Contract Analysis

Contract analysis applies the ASC 606 and IFRS 15 five-step model to specific revenue arrangements. Finrep runs the contract through each step, documents the judgment at every point, applies the variable consideration constraint, and surfaces peer treatment of similar arrangements from EDGAR filings.

5 steps

Full model applied, judgment documented

Variable consideration

Constraint applied at Step 3

EDGAR-linked

Peer treatment of similar arrangements

See sample reports

Sample Revenue Contract Analysis Reports

See what a Finrep revenue contract analysis looks like. Download and review the full output.

Today's reality

Revenue Contract Analysis without Finrep

Five-step analysis performed manually, with no systematic judgment documentation
Variable consideration constraint applied inconsistently across contracts and reviewers
Peer treatment research requires separate EDGAR searches for each step
Memo quality varies based on who runs the analysis

Technical Accounting · Pre-Draft

ASC 606 applies to the contract. The judgment is in the details.

The five-step model is the framework. The work is in the judgment: whether performance obligations are distinct, how transaction price is allocated when standalone selling prices are not observable, how variable consideration is estimated and whether the constraint applies, and how peers with similar arrangements have documented the same decisions.

A complex contract with multiple deliverables, usage-based pricing, and renewal options can generate a week of technical work before the accounting conclusion is documented at a level the auditors will accept.

Without Finrep

Manual process

Five-step analysis performed manually, with no systematic judgment documentation
Variable consideration constraint applied inconsistently across contracts and reviewers
Peer treatment research requires separate EDGAR searches for each step
Memo quality varies based on who runs the analysis

With Finrep

Automated workflow

Five-step model applied systematically with judgment documented at every decision point
Variable consideration constraint applied with estimation approach and constraint logic documented
Peer treatment surfaced from EDGAR for each step where judgment diverges across practice
Consistent cited memo output regardless of contract complexity

From contract terms to five-step analysis in four steps

Describe the contract and key terms

Enter the contract structure: parties, deliverables, pricing (fixed, variable, usage-based), renewal terms, cancellation provisions, and any material rights.

Finrep applies the five-step model

Each step analyzed in sequence: contract identification, performance obligation identification (distinct test applied), transaction price determination, allocation, and recognition timing. Judgment documented at each step with ASC 606 or IFRS 15 paragraph citations.

Review variable consideration and constraint

Variable consideration components identified, estimation approach applied (expected value or most likely amount), and constraint analysis documented with the basis for the conclusion.

Review peer treatment

For each step where judgment is material, peer disclosures of similar arrangements surfaced from EDGAR with source links.

What you get

Five-step analysis memo with judgment documentation, constraint analysis, and peer treatment

Ask FinaChecklist BenchmarkingGrid Reports

Technical Accounting

What Revenue Contract Analysis does at a glance

Team: Technical Accounting
Filing phase: Pre-Draft
Output: Five-step analysis memo with judgment documentation, constraint analysis, and peer treatment
Modules: Ask FinaChecklist BenchmarkingGrid Reports

What changes when every judgment in the five-step model is documented

Step-by-step judgment documentation

Every decision point in the five-step model documented with the judgment applied and the ASC 606 or IFRS 15 paragraph that governs it. Distinct performance obligation test applied at the bundle level and the individual deliverable level. Allocation methodology documented where standalone selling prices are not directly observable.

Variable consideration constraint analysis

Variable consideration components identified by type (usage-based, rebates, penalties, bonuses). Estimation method selected and documented (expected value vs. most likely amount). Constraint analysis applied with the qualitative and quantitative factors assessed. Conclusion cited to ASC 606-10-32-11 through 32-16.

Peer treatment from EDGAR

For steps where judgment is material, how peers with similar arrangements have disclosed the same decisions surfaced from EDGAR. Peer excerpts source-linked. Shows where your conclusion aligns with practice and where it diverges.

Auditor-ready memo output

Analysis structured as a technical accounting memo: contract summary, step-by-step analysis, variable consideration documentation, peer treatment, and conclusion. Every judgment citable. Format aligned with what auditors expect to see in the workpaper file.

Built for the people who document revenue recognition decisions before audit

Technical Accountant

Five-step model applied, judgment documented, variable consideration constrained. Every decision cited before the auditors ask.

SEC Reporting Lead

Peer treatment of similar arrangements surfaced with EDGAR links. Footnote disclosure grounded in documented practice.

FAQ

Any revenue arrangement under ASC 606 or IFRS 15: SaaS, professional services, licenses, usage-based pricing, multi-element arrangements, and contracts with variable consideration.