Dynamics GP and 606 compliance
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Join RSM partner Binary Stream to learn more about generally accepted accounting principles (GAAP) compliance. Can your accounting solution separate out the performance obligations and allocate the revenue appropriately?
By now you may have heard about the sweeping Financial Accounting Standards Board (FASB) changes coming to contract revenue and expenses, but do you know how it affects you? For some companies, revenue recognition will be accelerated. However, if your contracts are not properly written, it could be seriously delayed.
Our solutions consultant, Neil MacDonald, walks you through the details of:
- How ASC 606 may affect you
- The newly proposed five step recognition model
- Areas of concern with the adoption of ASC 606
- Solutions in Microsoft Dynamics GP and AX to assist you in regulatory compliance