The Clock is Ticking on Revenue Recognition – 3 Things to Do Now
By Sheila M. Beck, CPA, MBA; Mark Batey, CPA; Brandon Fredericks, CPA In 2014, the Financial Accounting Standards Board (FASB) rolled out one of the most sweeping and impactful accounting pronouncements in decades with the new revenue recognition standard (i.e., ASC 606). The effective date for most (calendar year) privately-held companies is rapidly approaching – …
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