Peeling Back the Layers of ASC 606
In my initial posting, I addressed the implementation landscape and how a number of companies have not yet begun their efforts to implement the new..
The financial crisis of 2008-2009 erupted across the globe, leaving a wide array of proposed regulations in its wake. Over the past seven years many regulations have been written and implemented..
Many public companies across the country have formed project teams, done assessment exercises and even redesigned contracts and process in advance of the new revenue recognition standard (ASC..
A key event in Washington DC’s CFOs’ calendars, covering the hot topic of ‘Revenue Recognition- ASC 606 - Revenue from Contracts with Customers’, was held on April 19th with over 100 people from..
In part 1 of this series, I addressed the implementation landscape, and how many companies have not yet begun their efforts to implement the new revenue recognition guidance. In..
The Implementation Landscape
Almost 2 years ago now, the FASB issued its long-awaited, sweeping new revenue recognition standard. The standard initially provided for a 2017 effective date for..