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Revenue Recognition Resource Center

RESOURCE CENTER


Private entities must understand the new standard by January 1, 2019.

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), which added Topic 606 to the FASB’s Accounting Standards Codification (ASC) and will replace almost all pre-existing revenue recognition guidance in legacy generally accepted accounting principles (GAAP) with a robust framework for addressing how an entity should account for its revenue. Implementation by calendar year-end public entities was required byJanuary 1, 2018 and is required by other calendar year-end entities no later than the year ending December 31, 2019.

This resource center provides access to high-level and detailed information about the new revenue recognition guidance. 

Related Insights

Revenue recognition: Overview of ASC 606

WHITE PAPER

Revenue recognition: Overview of ASC 606

An overview of the new guidance in ASC 606 (as amended) and highlights of the fundamental changes ASC 606 will bring.

Revenue recognition: Key considerations for the real estate industry

Join RSM on Sept. 11 as we share our insights on how the new revenue recognition standard (ASC 606) affects the real estate industry.

  • September 11, 2018

Changes to revenue recognition in the industrial products industry

A white paper about how entities in the industrial products industry may be affected by the new revenue recognition guidance in ASC 606.

  • August 31, 2018

Changes to accounting for grants and contributions made and received

An overview of the clarifications to identifying reciprocal and nonreciprocal transactions and conditional and unconditional contributions.

  • August 27, 2018

New revenue recognition standards: Tech’s challenges and opportunities

Tech companies: New revenue recognition implementation can be challenging but there are opportunities to improve processes and systems

  • July 25, 2018

Ready for changes to revenue recognition?

Business and professional services: Prepare for the new revenue recognition guidance. Understand certain accounting considerations.

  • July 12, 2018

Need help implementing the new revenue recognition standard?

Let the professionals at RSM help guide your company through the challenges of implementing 606.

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