Keys to Simplifying the Complexity of ASC 606

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Don’t slow down for the complexity of ASC 606

 

New software platforms can simplify the process considerably to reduce your company’s risk.

 

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Topics Discussed In-Depth

 

Single or multiple products or services in equal or varying amounts recognized at fixed or different intervals.

 

Companies are required to follow general and industry-specific guidance for revenue generating activities.

 

Recognition of bundles of multiple products and/ or services, can be met at different intervals or over different periods of time.

Multiple-book accounting engine records and posts to all books concurrently eliminating data entry replication and manual intervention.

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. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. 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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