Audit and Accounting

Revenue Recognition

Be ready for the principles-based approach to accounting.

Gear up for the change in approach to recognizing revenue. The new revenue recognition standard, ASC 606, fundamentally changes how companies approach revenue recognition. Don’t face these new challenges alone.

Partner with a proven group of CPAs and consultants who walk clients through the newly converged standards and provide guidance on how changes impact people, policies, processes, and systems. Use sound processes such as tiered pricing, marketing offers, volume discounts, contract modifications, and a host of other potential contract terms to minimize financial exposure.

With expertise in accounting and financial reporting, tax compliance, processes and systems, an experienced team is ready to help organizations understand and prepare for the new revenue recognition standard. Services include:

  • Readiness assessments
  • Implementation plans
  • Reviewing contract terms
  • Recommending contract changes
  • Assisting with changes to accounting systems
  • Evaluating impact on financial reporting
  • Training and education

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Featured Expertise

Colleen Cooke-Varallo, CPA

With over 25 years of public accounting experience, Colleen has been an integral part of a number of attestation engagements including audits, reviews, and compilations for clients with revenues ranging from $1 million to over $200 million. Other areas of expertise include international accounting, IFRS, and revenue recognition.

Revenue Recognition Services Overview

Accounting Wire

Featured Insight

ASC 606: A Guide to Understanding the New Revenue Recognition Rules
The new revenue recognition standard has been described as one of the most significant changes to generally accepted accounting principles in the past decade. Gain perspectives into the changes and best practices to prepare for them.