Why you need to care about ASC 606: Solutions for GP and AX
Don't underestimate the time and effort required to bring your processes into compliance!
The way that you recognize revenue is about to change, regardless of your business or geography, since you either follow FASB or IFRS standards. For some companies, revenue recognition will be accelerated; if your contracts are not properly written, they could be seriously delayed. While it may appear that these changes take place in 2018, there is a 2-year accounting retrospective. Take advantage of this time to prepare for conducting business under this new guidance.
In this webinar, you will learn:
- Exactly what ASC 606 is
- The newly proposed Five Step Recognition Model
- Areas of concern with the adoption of ASC 606
- Solutions in Microsoft Dynamics GP and AX to assist you in regulatory compliance