The “411” on 606: How the New Revenue Recognition Rules Are Expected to Affect Technology Companies
Are you prepared for revenue recognition? The Financial Accounting StandardsBoard (FASB) has issued new guidance under Topic 606 in the Accounting Standards Codification (ASC) that significantly changes the rules for recognizing revenue under U.S. generally accepted accounting principles(U.S. GAAP). These rules will go into effect Jan. 1, 2018, for many public companies, and Jan. 1, 2019, for many nonpublic entities. This webinar provides an overview of the expected impact of these rules on technology companies and gives practical examples of common types of issues that preparers must address.