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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 must occur no later than January 1, 2018 and 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.

Ready for changes to revenue recognition?

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

  • July 12, 2018
How is ASC 606 affecting the automotive parts suppliers?

How is ASC 606 affecting the automotive parts suppliers?

Some automotive parts entities have encountered accounting and operational challenges in applying the new revenue recognition standard.

  • July 06, 2018

Changes to revenue recognition in the construction industry

A comprehensive white paper about how construction contractors are affected by the new revenue recognition guidance in ASC 606.

  • June 22, 2018

Implementing revenue recognition standard in the technology industry

Watch to learn insights on implementing the new revenue recognition standard (ASC 606) for your technology company.

  • June 19, 2018

A guide to revenue recognition

Our comprehensive guide on ASC 606 includes in-depth discussion and many examples on the new revenue recognition model.

  • May 29, 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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Events/Webcasts

IN-PERSON EVENT

How new revenue recognition standards will affect your organization

  • June 06, 2018