In this episode of Cherry Bekaert’s GovCon Podcast, Brynn McNeil and Craig Hunter both Assurance Partners in Cherry Bekaert’s Government Contracting Industry practice, discuss revenue recognition for government contractors. Listen to learn more about:
- The five steps for recognizing revenue under Accounting Standards Codification (ASC) 606
- Understanding how costs drive revenue
- Common errors in recording revenue
- Best practices for government contractors regarding processes and controls for recording revenue
Cherry Bekaert’s team of government contracting consultants have significant experience in navigating the SBA 8(a) business development program and can assist your business with the best accounting practices. If you have any questions specific to your situation, our government contracting consultants are available to discuss your situation with you.
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