Revenue Recognition 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.
An overview of the new guidance in ASC 606 (as amended) and highlights of the fundamental changes ASC 606 will bring.
This 12-part video series covers elements of revenue recognition important to Topic 606 implementation for public and private companies.
A white paper that discusses topics member-owned private clubs should consider when applying the new revenue recognition guidance.
RSM's leaders will provide an update on recently issued and proposed accounting guidance and the implications and effects of this guidance.
A tax-specific perspective on the new financial accounting revenue recognition standards and the impact on the technology 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.
Changes to revenue recognition may affect your accounting and reporting processes. Join RSM’s webcast for broker-dealers to learn more.
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