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Befuddled by ASC 606 and ASC 340-40? You’re Not Alone!

Accounting for commissions and other contract costs under ASC 606

If the survey results from CallidusCloud’s recent webinar on adoption of the new revenue recognition standards, ASC 606 and ASC 340-40, are any indication of what’s going on in American business, this on-demand presentation couldn’t be more timely.

By Jennifer Kling | May 23rd, 2018

ASC 606 and IFRS 15: Don’t Leave Revenue Recognition to Chance

ASC 606 and IFRS 15

If you are reading this blog post, I am going to assume you arrived here because of your interest in or responsibility for revenue recognition. For the last couple of years there has been countless articles, blogs, webinars, conferences, etc. about the new revenue recognition standard ASC 606 and IFRS 15 internationally. You’ve probably seen them all but are still looking for more.

By Jennifer Kling | May 21st, 2018

Automate Revenue Recognition: It’s Not Too Late

automate revenue recognition

ASC 606 (or IFRS 15 internationally) compliance—the biggest accounting guidance change in recent history—is already past due for public companies. It became effective at the beginning of this year, but many private companies still haven’t even started implementation.

By Jennifer Kling | May 8th, 2018

Meeting in the Face of ASC 606

ASC 606

asc-606The clock struck 12:00 a.m. on January 1, 2018, and while the rest of the world was partying, accountants all over the world waited for the real Y2K apocalyptic event in the form of ASC 606 to destroy financials as we knew them. Update—nothing has happened… yet.

By David Williams | February 23rd, 2018

Find the Best Solution for ASC 606 without the Long, Arduous Journey

ASC 606

ASC 606 is one of the biggest changes the accounting world has seen in decades, and the deadline for compliance is just around the corner. However, many companies are still in the early assessment state; surveys show that companies are unprepared to meet the January 1, 2018, deadline.

By Roxanne Oulman | July 31st, 2017

Sales ops, get ready. ASC 606 will change your life

ASC 606

ASC 606 is groundbreaking accounting literature. If you’re in sales operations, why should you care? Most accounting teams are scratching their heads to figure out the revenue side of Revenue Recognition ASC 606, as the deadline for compliance is just a whisker away, falling on January 1, 2018. But what most companies are overlooking is the equally large impact on the cost side.

By Poornima Mohandas | July 20th, 2017
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