Accounting for revenue under the new standard will have a significant impact on the way many companies recognize and report revenue. Riveron’s practical approach ensures an efficient, successful implementation for your company.
Riveron has been monitoring the evolving revenue recognition guidance for more than 10 years and has significant experience advising companies on both the old and new guidance. From a proven, quick-turn gap assessment, to the development and execution of a comprehensive implementation plan, we guide your company’s journey to effectively and seamlessly adopt the new revenue recognition standard.
Our revenue recognition offerings include:
- Gap assessment
- Future state design
- Implementation plan
- Disclosure requirements
- Policy and procedure development
- System requirements
- Project and change management
- Technical accounting
Riveron is not a CPA firm.
Riveron guides oilfield services company through revenue recognition.
Riveron performed a revenue recognition assessment to identify and document implications of Superior Energy Services adopting ASC 606. We prepared a comprehensive ASC 606 implementation plan, designed and tailored a contract review template to assess contracts under ASC 606, reviewed contracts and populated the contract review template. Riveron prepared accounting policy and training materials and successfully led the oilfield services company through the implementation of the revenue recognition standard.
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