Engagement summary
Client Background
Top Aces is the world's largest commercial provider of advanced adversary air training services, operating a fleet of fighter aircraft serving allied air forces under long-term contracts with the U.S. Air Force and NATO members.
Engagement Scope
R&M was engaged for targeted ASC 606 revenue recognition analysis covering long-duration training services contracts with the U.S. Department of Defense and allied government counterparties. Scope included performance-obligation identification, variable-consideration analysis, and contract-modification documentation.
Services Provided
- ASC 606 performance obligation identification
- Variable consideration and constraint analysis
- Government contract revenue recognition memos
- Documentation of measure-of-progress conclusions