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:
An explanation of the changes between the old and new rules
A 5-step process to help you implement the regulation
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:
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.