ASC 606 implementation: Lessons from companies (webinar recording)

The Financial Accounting Standards Board (FASB) has issued new guidance under topic 606 in the Accounting Standards Codification (ASC) that significantly changes rules for recognizing revenue under U.S. generally accepted accounting principles (U.S. GAAP). These rules went into effect on Jan. 1, 2018, for many public companies, and many nonpublic entities will adopt these new rules on Jan. 1, 2019. This webinar describes aspects of the new rules that have been challenging for some of the public company adopters and includes practical examples of how public companies resolved some of these challenges.