Survey reveals companies unprepared for ASC 606 changes to US accounting standards

Posted on 18 Nov 2016 by The Manufacturer

A new survey of top finance executives at US-based companies, released today by cloud ERP software company, Intacct, has revealed that finance departments are behind in preparing to transition to new ASC 606 revenue recognition guidelines.

Countless headaches lie ahead for companies — from understanding how the new ASC 606 guidelines will impact existing contracts to adjusting the way revenue is recognized when customers renew or upgrade contracts. Click to view the Intacct Infographic – Are you prepared for ASC 606? The ASC 606 Readiness Study, from Intacct,…

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