Preparing for the New Revenue Recognition Standard
As companies prepare to implement the new revenue recognition standard, they face many decisions and potential challenges. Join Deloitte for an overview of the new ASC 606 standard, including the five-step model for recognizing revenue and concepts that do not exist under the current model.
Build on their current understanding of the changing revenue recognition requirements
Apply leading practices to address implementation challenges
Identify areas that require professional judgement when an entity adopts the new standards, including new disclosure requirements and internal control issues