If your organization is in the process of adopting, or still researching, the new revenue recognition accounting standard, then this comprehensive, yet easy-to-read, 60+ page eBook is for you.
Baker Tilly’s guide, ASC 606 REVENUE RECOGNITION Everything you need to know now, was created to help you understand and comply with Accounting Standards Update 2014-09 (Topic 606). The eBook includes key topics to help you through the complex process of assessing the impact and developing an implementation plan for your organization:
- Identifying the contract
- Identifying performance obligations
- Determining the transaction price
- Allocating the transaction price
- Recognizing revenue
- Cost capitalization
- Effective dates and transition methods
- Internal control over financial reporting
A supplemental guide is available for construction contractors when you download the ASC 606 eBook.
For more information on the revenue recognition standard, or to learn how Baker Tilly accounting and consulting specialists can assist you, contact our team.