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Tuesday, October 18, 2016

Revenue Recognition is Coming. Are You Ready?

Posted by Armanino Dynamics Team

Revenue Recognition is Coming. Are you ready?

As your business anticipates the compliance demands for ASC 606 and IFRS 15, look to a trusted advisor for guidance. With a team of seasoned auditors, accountants and consultants who have extensive revenue recognition compliance and documentation experience, as well as technology and process improvement expertise, Armanino is well-positioned to help companies ensure they are ready for the revenue recognition changes. Our team provides the insights needed to ensure your company can address issues that will be critical to compliance by 2018 or 2019. The deadlines may seem far off, but the time for action is now. It’s essential to prepare in advance.

CFOs, do you know where your company stands today, compared to where it needs to be in order to be compliant with ASC 606 and IFRS 15? How will you get there? Armanino’s Revenue Recognition Gap Assessment Services can help.

Get Compliant with Armanino

Armanino analyzes where your organization is, and prepares a side-by-side comparison of current processes versus compliance required by the new regulations. We work with you build a plan to address the discrepancies uncovered by the analysis, including:

  • Gap analysis
  • Potential exposure for the company
  • Areas of the company affected by the new standard, and what needs to change
  • Impact on existing metrics as well as budgeting and forecasting
  • Changes to contract terms and conditions
  • High-level dates to meet the implementation and reporting deadline

Interested in learning more about Armanino’s Revenue Recognition Gap Assessment Services? Click here.

Want Help Now? We’ve Built a Revenue Recognition Toolkit.

Watch the webinar: Need a quick, easy to understand tutorial? Watch our webinar, and hear Armanino audit and consulting experts Ricardo Martinez and John Dunican detail the consequences of delaying your preparation. They establish a straightforward methodology to ensure your Board, executive and management team members understand the forthcoming impacts to the way you do business. Click here, and watch it today.

Read the white paper: Get the full story about the legislation, and understand what’s happening and when. Download the white paper.

Check out the Revenue Recognition Summit Press Release: Download our press release to learn how experts Ricardo Martinez and John Dunican shared their recommendations for a straightforward path to compliance for your Board, executive and management team at the Revenue Recognition Summit.

Watch the Video. Watch our video to get all the basics and deadlines in an easy-to-understand format.

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