Revenue recognition methods under ASC 606 should cover criteria, timing, and other core aspects of contract revenue recognition. Our roadmap can help you manage this process.

Key software and SaaS revenue recognition themes for CXOs The Financial Accounting Standards Board’s (FASB’s) ASC 606 revenue recognition standard was effective for annual reporting periods …

Streamlining the revenue recognition process is important for companies to keep up with growth, changing revenue structures, and evolving market demands. The complexity of ASC 606 and …

At the November 7, 2016, meeting of the FASB’s transition resource group (TRG) for revenue recognition, the FASB staf clarified that although a tabular reconciliation is not required under ASC …

Beyond the Bottom Line s new revenue standard (ASC 606) in the first quarter of A Roadmap to Applying the New Revenue Recognition Standard.

The FASB also aligned sale-leaseback accounting with the underlying principles in the new revenue recognition standard. Under the new leases guidance, the seller-lessee in a sale-leaseback …

Overview of ASC 606 Goals of the new standard Convergence of revenue recognition principles under U.S. GAAP and IFRS Improve revenue recognition requirements and disclosures

The ASU also adds implementation guidance to ASC 606 to help entities determine whether collectibility is probable under step 1 of the new revenue standard (i.e., under ASC 606-10-25-1(e)).

Feedback from stakeholders cited operational challenges with applying the new leasing guidance without such an expedient. Stakeholders noted that although lessors are not within the scope of ASC …

FASB Accounting Standards Codification (ASC) Topic 606, Revenue From Contracts With Customers.