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Revenue Recognition Resource Center

RESOURCE CENTER

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), which added Topic 606 to the FASB’s Accounting Standards Codification (ASC) and will replace almost all pre-existing revenue recognition guidance in legacy generally accepted accounting principles (GAAP) with a robust framework for addressing how an entity should account for its revenue. Implementation by calendar year-end public entities must occur no later than January 1, 2018 and by other calendar year-end entities no later than the year ending December 31, 2019.

This resource center provides access to high-level and detailed information about the new revenue recognition guidance. 

Related Insights

Revenue recognition: Overview of ASC 606

WHITE PAPER

Revenue recognition: Overview of ASC 606

An overview of the new guidance in ASC 606 (as amended) and highlights of the fundamental changes ASC 606 will bring.

Revenue recognition featured videos

VIDEO

Revenue recognition featured videos

This 12-part video series covers elements of revenue recognition important to Topic 606 implementation for public and private companies.

Revenue recognition considerations for member-owned private clubs

A white paper that discusses topics member-owned private clubs should consider when applying the new revenue recognition guidance.

  • January 22, 2018

Quarterly accounting update webcast—Winter 2018

RSM's leaders will provide an update on recently issued and proposed accounting guidance and the implications and effects of this guidance.

  • January 18, 2018

Revenue Recognition for the Tech Industry

A tax-specific perspective on the new financial accounting revenue recognition standards and the impact on the technology industry.

  • January 08, 2018

Revenue recognition: Key considerations for the life sciences industry

Join RSM on Dec. 13 as we share our insights on how the new revenue recognition standard (ASC 606) affects the life sciences industry.

  • December 13, 2017

Revenue recognition for broker-dealers and investment advisers

Changes to revenue recognition may affect your accounting and reporting processes. Join RSM’s webcast for broker-dealers to learn more.

  • December 07, 2017

Need help implementing the new revenue recognition standard?

Let the professionals at RSM help guide your company through the challenges of implementing 606.


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Events/Webcasts

LIVE WEBCAST

Revenue recognition for government contractors

  • January 23, 2018