The new revenue recognition standards are in effect.

How prepared are you to comply with the new standard?

Request a free consultation

ASC 606/IFRS 15

The new rules have broad implications for how a multitude of industries will report their revenue.

Implementation likely to be complex and require changes across multiple departments within the organization.

THINGS TO CONSIDER:

  • ASC 606 changes will affect most if not all operations across most companies.
  • Determine now what changes in your processes will be required so that your planning process and any commitments you are making for 2019 utilize the right guidelines.
  • Some of your outside reporting requirements and expectations may need to be renegotiated such as loan covenants and revenue milestones.
  • Non-public entities must be in compliance for annual reporting periods beginning on or after December 15, 2018 and for related interim periods beginning December 15, 2019.

ESTIMATED IMPACT REPORT

 

vcfo can evaluate the impact of the new standards on your business, giving you an advanced idea of the significance and complexity.

IMPLEMENTATION PLAN

 

vcfo will develop an implementation plan, leveraging your team as much as possible, in a manner that doesn’t stress the organization.

ADDITIONAL RESOURCES

 

If your team is comfortable leading the project vcfo can augment your team with trained staff, to ensure the project stays on track and on time.

Your Revenue Recognition Expert:

Rob Curry

Start with our free Assessment Guide

Determine how prepared you are to comply with the new revenue recognition standards and connect with our team of experts who can work with you to find solutions to challenges you encounter.





Finance Solutions
Human Resources Solutions
Recruiting Solutions