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REVENUE RECOGNITION AND LONG-TERM CONTRACTS: The added discretion that ASC 606 provides managers may result in more accurate and nuanced financial reporting relative to that under ASC 605
- Source :
- Strategic Finance. September, 2022, Vol. 104 Issue 3, p40, 8 p.
- Publication Year :
- 2022
-
Abstract
- Many companies have only recently begun implementing the updated revenue recognition guidance under Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers. Compared to the previous standard-ASC 605, [...]
Details
- Language :
- English
- ISSN :
- 1524833X
- Volume :
- 104
- Issue :
- 3
- Database :
- Gale General OneFile
- Journal :
- Strategic Finance
- Publication Type :
- Periodical
- Accession number :
- edsgcl.716335872