The impact of ASC 606 (revenue recognition accounting) applies to all industries and public, private and not-for-profit entities who enter into revenue contracts with customers. The far-reaching revenue recognition framework may impact not only a company’s accounting, but financial reporting, systems, processes, internal controls, financial ratios, and contract language as well.
Withum can support you through the transition and compliance process and maximize your ability to adopt ASC 606 successfully. Our experience and qualified knowledge of accounting and financial reporting policies, processes and systems allow our ASC 606 experts to assist you with:
The new revenue recognition accounting will significantly affect many companies across many industries. Withum’s experience across many industries will deliver the expert resources to ensure your company is in compliance with the new rules taking affect.