ASC-606: New Revenue Recognition Standards
And How It Impacts Your Contracts
In May of 2014, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update called the 'Revenue from Contracts with Customers'. This standard provides companies with a single model for use in accounting for revenue arising from contracts with customers.
By establishing comprehensive principles, the boards hope that preparers around the globe will find revenue guidance easier to understand and apply. Under these new guidelines, some revenue transactions are straightforward while others are complex.
This free eBook covers many of the new guidelines and how your company can be prepared for these changes and avoid hefty fines. Download today and make sure you and your team are prepared!
Download the eBook here to learn more!