Published: 27 March 2019
Analyst(s): Finance Research Team
The new revenue recognition standard, ASC 606, markedly shifted how companies record and disclose revenue from contracts with customers. Learn the best practices corporate controllers developed as they adopted and applied the standard, as well as the ongoing challenges they face.
Implementation Costs and Effects on Audit-Related Fees
A Costly Implementation for Tech Companies
Higher Audit and Consulting Fees
Best Practices for an Efficient Adoption
Early Draft Disclosure
Accounting-Managed Compliance Workstream
Centrally Tracked Contracts
Recommended by the Authors
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