Think ASC 606 won’t affect your organization? Think again.
The new revenue recognition standard will force many organizations to evaluate their contracts with customers and the systems, processes, controls, and documentation they have in place. For some, the accounting changes may make changes to the contracts themselves more viable, while others may find that the initial work for disclosures comprises the bulk of their change. Whatever your organization’s situation, manufacturing and distribution companies should review the standard and its impacts.
Join Baker Tilly for an overview of the standard and highlights of some of the main areas that will impact manufacturing and distribution organization’s business operations.
Key learning objectives
- Overview of the standard and applying the five elements
- Understanding changes to contract costs and disclosures
- Review the current status on guidance for the transition
- Discuss key considerations for transition and how to get started
Who should attend
Board members, executives, and finance professionals involved in a company’s financial operations, financial statements, or finance department in manufacturing or distribution industries.
Philip Santarelli, CPA
Information about CPE eligibility
CPE credit: One (1) hour total credit
Field of study: Accounting (GAS80)