Revenue Recognition for Government Contractors

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.


View All Government Contracting Podcasts

 

Brynn McNeil

Assurance Services

Partner, Cherry Bekaert LLP
Partner, Cherry Bekaert Advisory LLC

Craig Hunter

Assurance Services

Partner, Cherry Bekaert LLP
Partner, Cherry Bekaert Advisory LLC

Past Episodes

Government Contracting Podcast thumbnail

Podcast

February 3, 2025

26:48

Speakers: Eric Poppe

Learn the steps to take after receiving a stop-work order, from consulting your contracting officer to documenting costs and managing contract compliance.

Government Contracting Podcast thumbnail

Podcast

January 17, 2025

16:18

Speakers: Eric Poppe

Learn about project cost considerations for government contractors, including tax impacts, compliance, and financial reporting essentials.