Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions where revenue ...

While everyone is focusing on tax reform, a topic that should not be overlooked is the financial statement impact of the new revenue recognition standard ASC 606 Revenue from Contracts with Customers.

DUBLIN, Dec. 24, 2019 /PRNewswire/ -- The "Revenue Recognition Accounting Update 2020 (ASC 606)" conference has been added to ResearchAndMarkets.com's offering.

You can look at the revenue recognition standard in one of two ways — a compliance burden, or an opportunity for finance leaders to emerge and change the game.

Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), makes sweeping changes to revenue recognition in accounting and related reporting.

They need a tool that can handle the more complex revenue-recognition accounting and reporting far better than manual, spreadsheet-based approaches. That’s why many companies are now migrating from ...

In 2016, the Financial Accounting Standards Board (FASB) released a new standard, ASC 606 - Revenue from Contracts with Customers. The new standard is effective for Dec. 31, 2019, financial ...

Using the OneBill's revenue recognition module, businesses can now track and recognize revenue with optimum accuracy, based on global standards such as ASC606 or IFRS 15.