[AMERICANDREAM]

I apologize if this is the wrong forum for this question. My question is related to the ASC 606, the new revenue recognition standard. The steps for this standard are:
(1) Identify the contract
(2) Identify performance obligations
(3) Identify the transaction prices
(4) Allocate (3) based on (2).
(5) Recognize revenue as promises are fulfilled.

I read on this website (https://sfmagazine.com/post-entry/february-2016-recognizing-software-revenue/)
that the old standard uses VSOE and the new uses SSP.

But what is the main difference between VSOE and SSP? I researched but they are both standalone prices if the products were to be sold independently rather than as a bundle.
How will this new standard impact the software industry on average?

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