This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. See all FORsights for the most up-to-date articles, webinars, and videos.
Revenue Recognition: The Countdown Begins for Private Companies & NFPs
The countdown begins now for a successful implementation of the new revenue standard, Accounting Standards Codification 606. The effect on each industry and company will vary depending on existing revenue sources, current accounting elections and extent of change from existing industry accounting standards or practices. Check out our high-level, quarter-by-quarter action plan to help ensure a smooth and efficient transition.