Tag: financial reporting

ASC 606: Revenue from Contracts with Customers – Are You Ready?

The Financial Accounting Standards Board issued Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, a principles-based approach to accounting for revenue. ASC 606 has broad implications and is likely to affect many parts of your organization: financial statements, business processes and IT systems, income taxes, and internal controls over financial reporting. ASC 606… View Article