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Five Steps to Understanding the New Revenue Recognition Standards

Download our e-book on revenue recognition standards

Key Takeaways

  • The ASC 606 standard has changed the rules on the way revenue is recognized.
  • The regulation has implications for the entire contract cycle of a business and will be felt by various departments, not just accounting.
  • There are five components required in the revenue recognition standards.

The Guide to Navigating the Revenue Recognition Guidance

Compliance, while frustrating and time consuming, is necessary for your business. Accurately recognizing revenue is vital to your organization’s performance and success. The ASC 606 standard changed the rules on the way revenue is recognized. The regulation has implications for the entire contract cycle of a business and will be felt by various departments, not just accounting.

We’ve developed a comprehensive e-book for organizational leaders that addresses changes between the old and new rules to help you successfully navigate revenue recognition and better understand how it can be applied to your business. The e-book provides actionable insight and expertise to help you navigate:

  • An explanation of the changes between the old and new rules
  • A 5-step process to help you implement the regulation/li>
  • To-dos and next steps for your organization