Innovative Tax Strategies for Manufacturers and Distributors

Accurately recognizing revenue is vital to a company’s performance and success. The new ASC 606 standard has changed the rules on the way revenue is recognized. Its impact is far reaching across industry and business size. The new regulation has implications for the entire contract cycle of a business and will be felt by various departments, not just accounting.

Compliance, while frustrating and time consuming, is necessary for your business. We’ve developed an eBook to help you navigate the waters of revenue recognition and how it can be applied to your business.

Check out Five Steps to Understanding the New Revenue Recognition Standards. In it you’ll find:

  1. An explanation of the changes between the old and new rules
  2. A 5-step process to help you implement the regulation
  3. To-Do’s and next steps for your company

Ready to get started?


The 5-Step Revenue Recognition Series

Learn more about each step in the process. Each article breaks down a step to help you understand and implement the new revenue recognition regulation:

VIDEOS

  • How do I implement ASC 606? Here are a few examples of ways ASC 606 can be implemented in an organization. Each video covers a different aspect of the new regulation.

5-step Infographic

  • Need a high level overview of the steps to understanding revenue recognition? Download the infographic for easy access.

Want More Information?

Andrea B. Mouw
Andrea Mouw, JD, CPA
Partner-in-Charge of Accounting Methods & Periods, National Tax Office
Scot R. Phillips
Scot Phillips, CPA
Partner-in-Charge of National Assurance Office

Affordable Housing: Shannon Breuer
Ag Producers: Steve Troyer
Construction & Real Estate: Wade Sandy
Dealerships: Tom Goekeler
Energy Services: TJ Bert
Financial Institutions: Gary Smith
Government: Lee Miller & Jodi Daugherty
Health Care: Geoff Knobloch
Higher Education: Kristin Diggs
Insurance: Ryan Donohue
Manufacturing & Distribution: Dave Glennon
Non-Profit: Beth Bird & Deb Nelson
Service Organization: Mary Jo Richard & Eric Pulse
Utilities: Derrick Larson

Additional Insights

The following are recent Revenue Recognition insights offering further clarification, considerations and/or industry focus into the impact of the regulations:

Find A Location