CPAs and Advisors with Your Growth in Mind

Revenue Recognition – Transition Methods

Now is the time. ASC 606 is effective for private entities on January 1st of next year. If you’re like many, you might feel behind. However, there is still time to catch-up and minimize the chances of any disruptions or unwanted surprises. One of the first decisions you’ll have to make is what transition method you’ll choose. ASC 606 allows entities to make a choice between full retrospective and modified retrospective, commonly called the cumulative adjustment method.

Revenue Recognition (Topic 606) Disclosures

This course should assist attendees in applying the disclosure requirements of ASC 606. This presentation provides a general overview of those requirements for both public and private entities and reviews examples.