United States
What have leaders of public companies learned during their implementation process; how can these lessons help other entities?
Retail, fashion, food and beverage, and restaurant executives should ask these questions to determine the impact of ASC 606.
Some automotive parts entities have encountered accounting and operational challenges in applying the new revenue recognition standard.
Due to its complexity, preparing for and complying with ASC 606 may be more challenging than many companies realize.
Revenue recognition case study looking at best practices from General Dynamics’ ASC 606 early adoption and implementation.