Countdown to ASC 606: What Every Business Needs to Know

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The new revenue recognition standard is the biggest accounting change the world has seen in over a decade.

 

ASC 606, Revenue from Contracts with Customers, is on the mind of every CFO and controller.

 

What you need to know to prepare your business for the new revenue recognition standard ASC 606 is in this downloadable white paper.

 

Meet the New Standard – ASC 606

 

The New Five Step Model for Recognizing Revenue

 

A Change That Impacts All Industries

 

Effective Dates are on the Horizon

 

The Burden on Finance and IT

 

Three Critical Systems Capabilities

 

A Timeline for Getting Started

 

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This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

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Sikich LLP

Sikich LLP

Sikich LLP is a global company specializing in technology-enabled professional services. With more than 1,600 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and ranks as one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 

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