Magazine Article | October 2, 2017

10 Steps To Take ASAP For The New Revenue Recognition Standards

Source: Software Executive magazine

By Steve Sehy CPA, MBA, Fractional CFO

Hopefully you’ve heard you will need to address the new standards (also called ASC606 or ASU2014-09) when preparing your GAAP financials. As a nonpublic company, you will need to follow the new GAAP standards starting January 1, 2019. This list of steps to take by 12/31/17 should help you put together a plan for how to do this.