What is Variable consideration?
Contract payment that is not fixed, such as usage fees, royalties, rebates, or refunds, which must be estimated and constrained under ASC 606.
Where you will use it: this term comes up in the Applied AI for Finance and Accounting course, and the full course glossary collects every term in one place.
Related terms
From the free Applied AI for Finance and Accounting course by Devon Coombs, CPA, MBA.