Revenue recognition update
Insights for business and professionals services companies
RECORDED WEBCAST |
Join RSM as we share our insights on how the new revenue recognition standard (ASC 606) is affecting business and professional services companies.
The new guidance is already in effect for public companies and private companies are currently evaluating whether any changes are needed to their current accounting policies and financial reporting processes and systems; this evaluation will affect more personnel than just those involved in the accounting function.
- Discuss potential challenges associated with adopting the new guidance that we have seen in the business and professional services industry
- Provide a high-level understanding of the new guidance as it relates to the issues noted above specific to business and professional services
Have you begun your transition to the new guidance? If you’re a private company, there is still time, but don’t delay any further.