Impacts of ASC 606 on the Retail Industry

Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers, affects all entities that enter into contracts to provide goods or services to their customers, forcing many organizations to evaluate their contracts with customers. Watch this webinar to find out how the new standard will impact the retail industry and what unique complexities to be aware of.

Learning objectives

  • Overview of the standard, impact on retail businesses and how it will affect your current accounting processes and operations
  • Discussion of retail-specific considerations when implementing the new standards, including loyalty programs, gift card accounting and franchisor accounting
  • Understand next steps in developing a transition plan

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For more information on this topic, or to learn how Baker Tilly retail specialists can help, contact our team.