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Softrax Webinar

Top 5 ASC 606 Implementation Challenges and Surprises

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Webinar Replay: Recorded 5.20.21

Recurring Revenue Ripples Through Revenue Recognition

Companies are finding complexities, unforeseen issues and heavy resource needs as they work through implementation of the new revenue recognition standard, ASC 606. Understanding the requirements and changes your organization may need make is critical in planning a successful implementation of the new revenue recognition accounting standard.

Join Baker Tilly and Softrax for a discussion of the challenges companies are facing and the surprises popping up along the road to ASC 606 implementation. 

During this ASC 606 webinar you will learn:

  • Overview of the basic concepts of ASC 606
  • Understand issues with performance obligations and contract modifications
  • Learn and discuss transition methods

Key Topics: 
During this webinar we will identify the top 5 implementation challenges of the new ASC 606 standard that we believe organizations will need to consider in order to successfully adopt the new guidelines.

  1. Internal Control Considerations
  2. New Revenue Disclosure requirements
  3. Concept and impact of Revenue Allocation
  4. Timing and the nature of adoption
  5. Recognizing Revenue in advance of billing

Who Should Attend? 
This ASC 606 webinar is designed to help accounting and financial executives from companies desiring to comply with FASB’s ASC 606 Revenue Recognition Standard.  The requirements in the new standard may present complex challenges for many companies in various industries. Industries that may benefit from this webinar, but not limited to Energy and utilities, including telecommunications, Manufacturing/distribution, Retail, Software/ technology, Healthcare, Transportation, and Media/Publishing.

CPE Credit
Attendees of this ASC 606 webinar will be eligible for 1.0 CPE credit.  Softrax is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  

Hosted By

Jeff Halden
Solution Advisor
Softrax

Phil Santarelli
CPA Partner Emeritus
Baker Tilly