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Understanding the New Revenue Recognition Accounting Standard

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For most companies operating on a subscription business model, the impending Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) changes – known as ASC 606 – will represent a welcome validation of existing revenue recognition practices, as well an opportunity to confirm that those practices will continue to meet auditor approval. While the new accounting standard will create far less disruption for subscription-based businesses than various pundits and publications have recently claimed, the new standard will have an impact, as it requires that subscription companies scrutinize every activity through a new lens.

This complimentary white paper from the financial experts at Proformative includes actionable ASC 606 topics such as:

Understanding the impact of ASC 606 on subscription businesses

Required implementation timeline

Step-by-step guidance to make assessment and implementation more consistent

To learn how ASC 606 will effect your business, download this comprehensive white paper today.

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