While everyone is focusing on tax reform, a topic that should not be overlooked is the financial statement impact of the new revenue recognition standard ASC 606 Revenue from Contracts with Customers.

You can look at ASC 606 in one of two ways — as a compliance burden, or as an opportunity for finance leaders to emerge and change the game. A survey by Big Four firm EY found that 94 percent of CFOs ...

The latest updates to FinancialForce Revenue Management provide support for companies transitioning to the new ASC 606 and IFRS 15 revenue recognition standards.

ASC 606 rules on revenue recognition provide an opportunity to transform your business for the better, writes FinancialForce CFO Gordy Brooks You no doubt have heard by now about ASC 606. Also known ...

ASC 606 is changing the way companies can recognize revenue. The new standard has the potential to impact every department, from accounting to human resources.

Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), makes sweeping changes to revenue recognition in accounting and related reporting.

Public companies with a December 31 year-end have recently completed months-long (if not years-long) efforts on the adoption of ASC Topic 606, “Revenue from Contracts with Customers” (Topic 606). The ...

Zuora® will add Leeyo RevPro®, the cloud-based, enterprise-grade ASC 606 and IFRS 15 compliant revenue recognition solution, to its order-to-cash product portfolio.

FASB’s new revenue recognition standard, FASB ASC Topic 606, Revenue From Contracts With Customers, is one of the most significant changes ever in U.S. GAAP. The new, principles-based standard ...