Revenue Recognition

HOW WILL REVENUE RECOGNITION AFFECT YOUR COMPANY?

Have you evaluated the effect of the new Rev Rec measures? FASB's new standards for cash attestation (ASC 606) from a general perspective change how affiliations transversely over essentially every industry will see pay. In the occasion that you're simply start on your strategy to address ASC 606, the framework can be overpowering. All the way, we can deal with your pay attestation tries or take on discrete assignments like compensation contract survey or money related framework assessment, so you can concentrate on keeping up your business.

WE CAN HELP YOU:

• Scope and assess the complexity of your revenue models under the new rules
• Measure the financial statement impact for select revenue arrangements, allowing you to estimate business impact
• Determine the level of effort needed to implement the new rules
• Develop an implementation road map
• Strategize on key decisions, including adoption method and system solutions
• Provide strategic insights for a successful implementation
• Deliver internal training to finance, sales, the board or other groups, geared to their level of knowledge

Despite the legwork, Microworld Solution can help you with preparing for board and theorist questions, help you with using inside resources for put aside money and increment internal bent and decrease your perils by coordinating a proactive appraisal of your systems and structure of controls.