MIT Sloan logo

Smart. Open. Grounded. Inventive. Read our Ideas Made to Matter.

contact

MBA

Through intellectual rigor and experiential learning, this full-time, two-year MBA program develops leaders who make a difference in the world.

Master of Finance

A rigorous, hands-on program that prepares adaptive problem solvers for premier finance careers.

Master of Business Analytics

A 12-month program focused on applying the tools of modern data science, optimization and machine learning to solve real-world business problems.

Leaders for Global Operations

Earn your MBA and SM in engineering with this transformative two-year program.

Master of Science in Management Studies

Combine an international MBA with a deep dive into management science. A special opportunity for partner and affiliate schools only.

PhD

A doctoral program that produces outstanding scholars who are leading in their fields of research.

Undergraduate

Bring a business perspective to your technical and quantitative expertise with a bachelor’s degree in management, business analytics, or finance.

System Design & Management

A joint program for mid-career professionals that integrates engineering and systems thinking. Earn your master’s degree in engineering and management.

Integrated Design & Management

An interdisciplinary program that combines engineering, management, and design, leading to a master’s degree in engineering and management.

Executive Programs

MIT Sloan Fellows MBA

A full-time MBA program for mid-career leaders eager to dedicate one year of discovery for a lifetime of impact.

MIT Executive MBA

This 20-month MBA program equips experienced executives to enhance their impact on their organizations and the world.

Executive Education

Non-degree programs for senior executives and high-potential managers.

Visiting Fellows

A non-degree, customizable program for mid-career professionals.

Teaching Resources Library

Accounting

Finance

Spartan Race Inc.

By

Christopher F. Noe

Joseph P. Weber

Aug 9, 2018

Abstract

Over the seven years since its founding in 2010, Spartan Race grew to be the world’s most popular obstacle course race provider. Spartan’s CEO and founder was contemplating an initial public offering but was unsure how the new global revenue recognition standard that the company was in the process of implementing would affect potential investors’ perception of its financial performance. Spartan had developed numerous revenue streams despite being a relatively young company. The primary responsibility for determining how Spartan’s varied revenue generating activities would be accounted for under the new accounting standard fell to its director of financial planning and controller.

Learning Objectives

To understand the terminology and concepts underlying the converged global revenue recognition standard issued by the FASB and IASB in 2014 and rolled out in 2018 and 2019.

Appropriate for the Following Course(s)

financial accounting

Spartan Race Inc.

*TEACHING NOTES AND SUPPLEMENTAL MATERIALS ARE ONLY AVAILABLE TO EDUCATORS WHO HOLD TEACHING POSITIONS AT ACADEMIC INSTITUTIONS..