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Revenue Recognition and Deferred Revenue Memo
Prompt
Reporting framework and jurisdiction: {{FRAMEWORK}}
Contract summary (what is delivered, when, price, payment terms, refund or termination rights): {{CONTRACT_SUMMARY}}
Stand-alone selling prices if known: {{STANDALONE_PRICES}}
Period for the schedule: {{SCHEDULE_PERIOD}}
1. Walk through the five-step model if the framework uses it: contract, performance obligations, price, allocation, timing. For each step, apply it to the facts and note what is unclear.
2. Allocate the price across obligations using my stand-alone prices, showing the proportion calculation. If prices are missing, say what is needed.
3. Build a monthly schedule of revenue recognised, deferred revenue, and any contract asset, with the arithmetic for the first two months.
4. List judgments and alternative readings, and the contract clauses that could change the answer.
Rules: do not quote paragraph numbers; name the topic and tell me to locate the text. Mark the conclusion "draft for review". Don't assume terms the summary doesn't state.
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About this prompt
“Revenue Recognition and Deferred Revenue Memo” is a free prompt for ChatGPT in the Business category, 163 words long, added to The Prompt Index on October 28, 2026 by The Prompt Index. Copy it with the button above, paste it into ChatGPT or any other AI chat assistant, and send it.
It has 4 placeholders to fill in first:
{{FRAMEWORK}}, {{CONTRACT_SUMMARY}}, {{STANDALONE_PRICES}}, {{SCHEDULE_PERIOD}}.
Use the “Customize this prompt” fields to personalise it before you copy.
Recommended models: ChatGPT, Claude, Gemini.
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