The mandated adoption of new Revenue Recognition standards ASC 606 and IFRS 15 has arrvied and companies need to comply with legal disclosure reporting requirements, including a retrospective dual-reporting period between current ASC 605 and new ASC 606. It is critical that you have a clear disclosure reporting plan in place, NOW!
Compliance with the law is Not Optional.
Companies already need to be disclosing information regarding the impending changes as part of their regular 10Q and 10K financial reports.
This new eBook, "Disclosure Reporting for ASC 605 and ASC 606 Revenue" drills down into the requirements for dual-reporting of legacy standards information and comparison with new ASC 606 reporting.
