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Revenue Recognition Resource Center

RESOURCE CENTER

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.

ASC 606 implementation: Is your company prepared

ASC 606 implementation: Is your company prepared

Retail, fashion, food and beverage, and restaurant executives should ask these questions to determine the impact of ASC 606.

  • April 17, 2019

Changes to revenue recognition for federal government contractors

A white paper describing the impact of the new revenue recognition standard on federal government contractors.

  • April 03, 2019

Changes to revenue recognition in the consumer products industry

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

  • February 12, 2019

Changes to revenue recognition for asset managers

A white paper about how asset managers may be affected by the new revenue recognition guidance in ASC 606 and cost guidance in ASC 340-40.

  • December 06, 2018

ASC 606: IT audit considerations

Learn how the new ASC 606 standard impacts internal control over financial reporting and accounting systems as they relate to IT auditors.

  • October 23, 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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