Private companies need to join public companies in adopting the new revenue recognition rules (ASC 606) for 2019. Download this guide to learn about the new five-step process.
The new revenue recognition standard could change the way your company records revenue and structures deals and contracts. It may impact everything from your accounting processes and customer contracts to your technology systems and financial statements.
While having a single standard is beneficial in many ways, accounting for revenue has now become much more complex for many large companies.