Bi101's Hub for Revenue Recognition
Have questions about ASC 606 for software or professional services companies?
Are Technology Businesses Actually Preparing for ASC 606 ?
It’s coming, and quick, but the truth from two new surveys is that many companies still aren’t preparing for ASC 606. Are you ahead or behind the crowd?
Exploiting The ASC 606 Flux For Professional Services Profit
New ASC 606 revenue recognition rules might be overwhelming for professional services companies, but there is huge value to be found in the transition.
For Software Companies, ASC 606 Brings Change, Guesswork
ASC 606 does simplify and streamline a number of revenue recognition complexities for software companies, but it also introduces a few more judgments.
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ASC 606: Key Points From the New Five-Step Method
The key points of ASC 606: it’s all about identifying performance obligations, tracking them, and understanding when (and how) they’re completed.
What Does Revenue Recognition Mean in 2017?
Revenue recognition, at its core, is an accounting principle that specifies the conditions where revenue is recognized or accounted for, and follows generally accepted accounting principles (GAAP).