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ASC 606 revenue recognition standard: Are you ready?
What you need to know about the ASC 606 revenue recognition standard
ASC 606: Accounting for Contracts with Customers, transforms the way all companies recognize revenue for the sale of goods and services. The implementation of the new standard impacts processes, people and systems for all sectors of the organization from the accounting and finance team to legal and human resources.
Justine Jacob, Senior Manager and Jordan Scheiderer, Director from MorganFranklin Consulting, have spent the last three years assisting public and private companies assess and implement ASC 606 and transform their revenue recognition processes. In this webinar they’ll discuss the new standard, share lessons learned from previous implementations and identify the key areas of impact throughout the organization.
Watch this webinar to understand and implement the new revenue recognition standard:
- Hear a high-level overview of the new accounting standard and understand the key processes, skills and people needed to ensure a successful implementation.
- Understand the potential impact of ASC 606 on both your revenue recognition processes and the broader organization beyond accounting.
- Learn about our experiences with potential pre-and-post implementation pitfalls and trouble-spots.
- Hear about real-life updates made by our clients to technology, processes and people as a result of ASC 606
Senior Manager, MorganFranklin