Webinar Slides: ASC 606/Revenue Recognition: What to Look for When Closing the Books

Webinar Slides: ASC 606/Revenue Recognition: What to Look for When Closing the Books

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Most A&E firms are about to complete their second year under the new revenue recognition standard. Now that firm leaders are more familiar with the new standard, what lessons from 2019 can be applied prior to closing 2020 to improve the accuracy and quality of financial reporting? During this webinar, Nicholas Tamvaklis, CPA, MST discussed critical areas of the standard that must be taken into account when closing your books.
 
Topics included:
  • Identifying performance obligations
  • When to recognize revenue
  • Accounting for multiple contract types
  • Contract modifications 
 
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