Fundamental Changes for Revenue Recognition 

Whitepaper: The Impact ASC 606 and IFRS 15 Will Have on Your Business

New revenue recognition rules

ASC 606 and IFRS 15 will affect most service firms including accounting, engineering, technology and business consulting. Any services firm that accepts complex contracts for projects to be delivered over time will need to get their house in order for IFRS 15 and ASC 606 compliance.

 

Simplifying the New Requirements

Revenue recognition has evolved into a complex and confusing set of regulations and requirements which tend to vary in practice from industry to industry and country to country.  This short paper will help you learn about the changes and when and how you should prepare your organization for the new revenue recognition rules.


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