♣ Drafted and/or updated Technical Accounting Memos, For example, SAB 99, ASC 606 Revenue Recognition (to include, Variable Capitated Contracts, Variable Fees with a minimum threshold, Start-up ...
(and codified in ASC 606) by the FASB and as IFRS 15. 2. by the IASB, outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes ASC 605-35. 3 (formerly SOP 81-1. 4) and most other current revenue recognition guidance (including other industry-specific guidance). • This
CAI held a free webinar on February 19, 2020 on the topic of revenue recognition for CIRAs. It is reported that some 250 individuals listened in on this webinar. Speaker Tom Durkee, CPA, who was also the author for this section of the PPC Guide 2019 update, presented the position that ASC 606 applies to community associations and should be ...
Take the complexity out of revenue recognition. Address IFRS 15 and ASC 606 with a pre-configured starter kit that is easy-to-use and quick to implement. CCH Tagetik Revenue Accounting provides you with all the functionality to apply the new five step methodology to recognize revenue - including...
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