Wed Jun 20, 9:00 AM - Wed Jun 20, 11:30 AM

Aloft Miami Airport Hotel

7220 Northwest 36th Street, Miami, FL 33166

Community: Doral

Description

Revenue recognition is about to change. Are you ready?

Event Details

If you don’t understand or haven’t heard of ASC 606 you MUST attend this session before you run out of time. 
What is ASC 606? 
Accounting standards are changing the way companies will be allowed to report revenue. The new revenue recognition guidelines, ASC 606 and IFRS 15 from the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), fundamentally change the way businesses can recognize revenue from the delivery of goods and/or services over time. 
Am I affected?


Privately held firms have a compliance date of January 1, 2019, which is right around the corner.


If you have current customer contracts extending beyond the date these rules become effective, you are affected.


Does your company have tiered pricing, volume discounts, contract modifications, and other pricing considerations? If yes, you are affected. 


What do I do?
Attend our free ASC 606 breakfast expo and learn how to get and stay on track with these new standards. John Gabrys from Crestwood Associates and Ian Shapiro from BDO will discuss the regulations and show you how easy compliance can be using modern accounting solutions.

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