Please join our webinar where a panel of subject matter experts will discuss everything you need to know to help you adopt FASB ASC 606, Revenue Recognition from Contracts with Customers. Our experts will cover the new revenue recognition rules along with common challenges, pitfalls and recommendations for a smooth implementation. Topics our experts will cover include:
- Suggested project plan companies should undertake
- Typical timeline to implementation
- When a contract exists under the new rules
- How to account for contract amendments and modifications
- Determining the performance obligations within the contract
- Identifying the entire transaction price, including new required estimates
- Determining the stand alone selling price of a performance obligation
- When to recognize revenue overtime vs. point-in-time
- Impact to your internal control environment
- Impact to financial reporting, including new footnote disclosures
- Technology and general ledger system impacts
- Impact to corporate income tax compliance
