In May 2014, the Financial Accounting Standards Board issued ASU 2014-09, “Revenue from Contracts with Customers” as amended, which supersedes or replaces nearly all GAAP revenue recognition guidance. This standard establishes a new contract and control-based revenue recognition model, changes the basis for deciding when revenue is recognized over time or at a point in time and will expand disclosures about revenue. ASU 2014-09, as amended, is effective for non-public companies for annual reporting periods beginning after December 15, 2018 and interim periods within the annual period beginning after December 15, 2019.
WE INVITE YOU TO VIEW THE FOLLOWING TRAINING MODULES AND WEBINAR ON THIS IMPORTANT TOPIC.
Our training modules require a password to access them. Please contact your Sikich advisor for this password or speak with Chris Rabin at chris.rabin@sikich.com