Overcome The Challenges of ASC 606 Step 3: Determine The Transaction Price
The compliance deadline for the new revenue recognition standards are fast approaching. Yet, many companies are struggling to implement ASC 606 and IFRS 15 because they introduce significant changes that affect every aspect of accounting and reporting for revenue from contracts with customers.
Join Softrax and GAAP Dynamics on September 28th for a one hour webinar discussing the third step in the new 5-step model for recognizing revenue – Determine the Transaction Price. We’’ll discuss key aspects of the third step that are proving complex including calculating variable consideration, while considering the revenue constraint, factoring in the time value of money, and accounting for discounts and rebates. Learn how companies can manage these complexities, gain real time insight, and mitigate the risk of non-compliance through automation.