Part of the CPEA ASC 606: Revenue Recognition Series
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ASC 606: Illustrative annual and transition disclosures
Aug 01, 2019 · 277.8 KB Download
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As we have detailed in our many reports on the new revenue standard, Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, codified primarily in FASB Accounting Standards Codification (FASB ASC) 606, is historic in its breadth and impact across industries and will affect all entities (public, private, and not-for-profit) that have contracts with customers.
Under previous U.S. generally accepted accounting principles (U.S. GAAP), the revenue disclosure requirements were limited
Download the Report covering transition disclosures for ASC 606
File name: CPEA-606-transition-disclosures.pdf
Download the Report covering annual and recurring disclosures for ASC 606
File name: CPEA-606-annual-disclosures.pdf
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