When it comes to revenue recognition, time is not on your side. The effective date for Accounting Standards Codification (ASC) Topic 606, Revenue From Contracts With Customers, has passed for most organizations.
Download our “Revenue Recognition Lessons Learned” to find out more about the common themes of successful ASC 606 adoption.
Our team has assisted and continues to assist organizations of varying sizes and industry sectors sort through the complexities to ensure compliance with the standard. As this process continues to repeat itself, several lessons learned clearly emerged. These themes were relatively consistent among the majority of the implementations despite entity size and industry.