Teaching Resources Library



Spartan Race Inc.


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.

Educator Copy*

*An educator (non-watermarked) copy of this case is available only to individuals who hold teaching positions at academic institutions and want to use the case in a course.