US GAAP & IFRS 15 Revenue Recognition

US GAAP & IFRS 15 Revenue Recognition MCP Connector for Claude

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Automate ASC 606 and IFRS 15 revenue recognition by identifying obligations, allocating prices, and calculating progress.

3 tools Official Updated Jun 28, 2026 Official Vinkius Partner

This MCP server provides a specialized engine for implementing the five-step model of ASC 606 and IFRS 15. It allows AI agents to automate complex financial calculations required for revenue recognition. Use identify_performance_obligations to analyze contract items, allocate_transaction_price to distribute total consideration based on relative standalone selling prices, and calculate_revenue_recognition to determine earned versus deferred revenue based on completion progress.

us-gaapifrs-15revenue-recognitionasc-606accounting-automation

3 tools expose this connector's capabilities to your AI agent.

allocate_transaction_price

Distribute total transaction price across performance obligations

calculate_revenue_recognition

Calculate recognized and deferred revenue

identify_performance_obligations

Analyze contract items to determine performance obligations

See how to talk to your AI agent using US GAAP & IFRS 15 Revenue Recognition.

I have a contract with two items: 'Software License' and 'Support Services'. How many performance obligations are there?

The `identify_performance_obligations` tool identifies 2 distinct performance obligations: Software License and Support Services.

Allocate a $10,000 total price between 'License' ($8,000 SSP) and 'Support' ($2,000 SSP).

The allocated amounts are: License: $8,000 and Support: $2,000.

If I have an allocated amount of $5,000 and I am 40% complete, how much revenue is recognized?

$2,000 has been recognized as revenue, and $3,000 remains as deferred revenue.

The `identify_performance_abilities` tool analyzes a list of contract items to determine which are distinct enough to be treated as separate promises under the ASC 606 framework.

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