While the effective date of Topic 606 is behind us for both public and non-public entities, issues related to the application of the new revenue recognition guidance remain. Whether resulting from SEC comment letters, peer group analysis or from continued internal feedback, many entities are continuing to fine-tune their application of the new guidance beyond the year of implementation.
In this course, we'll review common feedback that public companies have received concerning their application of Topic 606 from the SEC, some of which has resulted in changes in their recording of revenue under Topic 606. Similarly, whether it is due to regulatory scrutiny or their own analysis, many companies continue to tweak their financial statement disclosures related to Topic 606. Lastly, in complying with the new guidance, other companies identified changes to their current business processes, including contract terminology, that they have either implemented or are in the process of implementing, which will aid them in applying the new revenue guidance.
In sum, though the new standard is now "live" there is still a lot of work to be done in order for companies to get to a steady state of operations under Topic 606. This course will provide insights on these continuing efforts so you can be prepared to put Topic 606 compliance behind you once and for all.
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.