SOFTRAX and CBIZ/MHM Discuss ASC 606 Revenue Recognition

The deadline for compliance with ASC 606 has now passed for public companies, but is closing in quickly on private companies.  For those private companies that have yet to fully assess the impact of the new standard, the time is NOW to begin the process of moving forward towards compliance. The new standard will likely require changes to your current financial processes and systems, and getting ahead of those issues is paramount. With that being said, there are a number of things to learn from your trusted advisory firms and those who have been through the process already (public companies).

This webcast is intended for companies who will be adopting ASC 606 and IFRS 15. This presentation will enable you to navigate some of the more challenging aspects of the new revenue standard and provide real-life examples.

In this webcast, we discussed:

• The importance of the standard
• Adoption timeline and scope of the standard 
• Systems challenges
• Disclosure requirements and what we have learned from the early adopters
• Auditing and preparer considerations
• Implementation approach and challenges

**Please note that this webinar was conducted for CPE credit in real time on October 25th, 2018, but watching this video on-demand does not warrant CPE credit**