Riveron Roundup: Revenue Recognition (ASC 606)

Jenn Braden, Mark Jistel, and Stephanie Williams

ASC 606 will have varying levels of impact on the way that companies recognize and report revenue. From major changes to one-off impacts, this article details a number of common impacts and considerations for companies in the early stages of implementing the new standard.

Brent Fisher, Mark Jistel

As companies prepare to adopt ASC 606, there are many things to consider from a systems perspective. This webinar explores best practices when transitioning to the new standard, from correctly adjusting or configuring a company’s ERP to implementing the right systems and processes.

Jenn Braden, Mark Jistel

Software as a Service (SaaS) is on the rise, but many companies do not yet have the infrastructure or technology needed to support this type of solution. As a result, companies often provide customers with the option to convert their current on-premise subscription contracts later in the term, which raises questions on when and how revenue should be recognized under ASC 606.

Drew Niehaus, Stephanie Williams

Although calendar year-end companies were required to adopt ASC 606 as of the beginning of this year, many have deferred implementation activities until nearer to their financial reporting deadlines. By developing a thoughtful implementation plan and leveraging lessons learned from those that have already adopted, companies can prepare for a successful transition to the new standard.