Automation is nothing new to accountants. At least since the advent of the adding machine financial professionals have been using intelligent tools to work more effectively. What is now different is that automation has become essential rather than merely beneficial.
The new revenue recognition rules mandated by AS6 606 recently went into effect for public companies and will soon go into effect for private ones. The details of these rules are familiar to everyone by now. And, unfortunately, so are the complexities, complications, and consequences. [Read more…] about ASC606 Makes the Case for Automation