Making the Move to ASC 606: What to Know
If your company is public, the ASC 606 adoption date is in your past. If your company is private, you have this year to adopt the biggest change in recent accounting guidance. What seemed like a long road ahead is now disappearing – or gone. After understanding ASC 606, or IFRS 15 if you are outside the US, and the operational implications, your company needs to develop a plan of action.