At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest financial reporting insights. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.
Revenue recognition: Lessons learned from an early adopter
Our brief case study provides a high-level overview of how one company reported the financial impact of adopting ASC 606.
Some PBEs may use private company effective dates for ASC 606 and 842
The SEC will allow certain public business entities to use the private company effective dates for FASB ASC 606 and ASC 842.
Source: RSM US LLP
Used with permission as a member of the RSM US Alliance
As always, we hope you enjoy this edition of our newsletter and we look forward to receiving your feedback. Should you have any questions regarding the information contained in the attached materials or our service offerings, please contact us directly.