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ASC 606 for Individual Contributors: Application of the FASB Standards for the "Doers" of Organizations
Paperback
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ISBN13: 9798329351835
Publisher: Independently Published
Published: Jun 24 2024
Pages: 52
Weight: 0.16
Height: 0.11 Width: 5.50 Depth: 8.50
Language: English
Publisher: Independently Published
Published: Jun 24 2024
Pages: 52
Weight: 0.16
Height: 0.11 Width: 5.50 Depth: 8.50
Language: English
Are you struggling to stay up to date in your organization's changing accounting environments? Revenue with Contracts for Customers touches every accountant, regardless of industry. This guide is specifically tailored to individual contributors who may not consider this topic at a broad level daily but are involved in the transactions associated with recognizing and reporting revenue from contracts with customers.
What's included in this short reference guide:
- Points of view from an accountant with 10+ years of work experience in accounting as an individual contributor who experienced the shift from 605 to 606
- A condensed, concise explanation of the codification
- Key terms and phrases used by financial statement users defined for individual contributors
- Practical examples and scenarios designed to be easily relatable and applicable to empower individual contributors in understanding the concepts
- A brief look at some of the more exciting topics within ASC 606
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