Revenue Recognition (Topic 606) Disclosures
After completing this course the learner should be able to apply the disclosure requirements of ASC 606. We will start with a general overview of those requirements for both public and private entities and review examples. Next we will discuss some potential difficulties in applying the disclosure requirements including new processes, controls and reporting that might be necessary to meet requirements.
- Describe the disclosure requirements of ASC 606
- Differentiate between public vs. private
- Advise on what new processes, controls and reporting might be necessary
- Michael Hoose, Senior Manager, Audit Professional Practices | Cherry Bekaert LLP