Participants of the live webcast will be eligible for 1 free CPE credit.
As private companies prepare to implement the new ASC 606 revenue recognition standard, they face many decisions and potential challenges. What do the experiences of publicly held companies reveal about implementation? We’ll discuss:
An overview of the new ASC 606 standard, including the five-step model for recognizing revenue and concepts that do not exist under the current model.
Potential issues associated with data and IT systems, internal controls, financial control processes, and income taxes, among others.
A process for developing an implementation strategy, including common actions to take during different phases of implementation.
Participants will gain insights into the new standard’s requirements and learn practical steps for planning the implementation.
Participants of the live webcast will be eligible for 2 free CPE credit.
The new revenue standard (ASC 606) represents a significant change in accounting principles that will affect virtually all Nonprofit organizations of all sizes and types. ASC 606 goes into effect in 2018 (public companies including some nonprofit organizations with tax-exempt debt) and 2019 (private companies and all other nonprofit organizations). Join BDO Nonprofit professionals for a webinar that will provide a comprehensive overview of the key principles, five-step model, significant judgments involved, and presentation and disclosure requirements of the new standard.
Participants of the live webinar will be eligible for 1 free CPE credit.
The new five-step revenue recognition model became effective for most public companies in 2018. Other companies — such as non-public US filers and non-calendar year-ends — face a later compliance deadline. Given the complexities and timing of implementation, many companies may also be revisiting their initial revenue recognition transition processes.
Join us to hear lessons learned and suggestions for the way forward from our panel of revenue recognition veterans.