Introduction to the New Revenue Recognition Standards

An explainer video introducing the new revenue recognition standards under U.S. GAAP and IFRS (ASC 606/IFRS 15). ASC Topic 606, Revenue from Contracts with Customers (ASC 606) prescribes a 5-step model for recognizing revenue that applies to all companies, in all industries! Already applicable for public business entities, private entities must apply the requirements of ASC 606 beginning in 2019. We've developed two online training courses to prepare you for the new requirements. Check out our Revenue Recognition collection here: https://www.gaapdynamics.com/product/... For more information and further learning, visit our online library of eLearning courses: https://www.gaapdynamics.com/individu... Visit GAAP Dynamics: https://www.gaapdynamics.com/ Subscribe to our blog: https://www.gaapdynamics.com/blog/