Do You Need Help Solving the Puzzle of ASC606?
The AICPA Roadmap calls the new revenue recognition guidance “game-changing” and “historic”. The rule will impact financial statements as well as information system processes, risk monitoring, contracts, financial agreements, earnings statements, taxes, tax liabilities, and legal issues. You will also want to train your staff in the new revenue recognition standards so that your move to the new rules will show skillful deployment. You may also need to upgrade technology to make your process more efficient and to handle the amount of data that you will need to manage.
As a financial executive, have you taken the time to understand how the new rules will affect revenue and earnings and financial statements for your organization?
Need help with a new technology solution to satisfy the new rules? We can help with Intacct's new Contract Revenue Management Solution.
Please email us at [email protected] or call (866) 398-9096 to learn more.