Introduction to the New Revenue Recognition Standards

An explainer video introducing the new revenue recognition standards under U.S. GAAP and IFRS (ASC 606/IFRS 15).

ASC Topic 606, Revenue from Contracts with Customers (ASC 606) prescribes a 5-step model for recognizing revenue that applies to all companies, in all industries! Already applicable for public business entities, private entities must apply the requirements of ASC 606 beginning in 2019. We've developed two online training courses to prepare you for the new requirements. Check out our Revenue Recognition collection here: https://revolution.gaapdynamics.com/collections/asc-topic-606-revenue-from-contracts-with-customers

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Видео Introduction to the New Revenue Recognition Standards канала GAAP Dynamics