Financial reporting and disclosures are often the last things a company considers when preparing for annual reporting.

However, financial reporting and disclosures may be the place for companies to start with the impending adoption deadline for the Financial Accounting Standards Board’s new revenue recognition standard: Accounting Standard Codification® (ASC) 606.

In this webcast, we outline the expanded disclosure requirements for revenue recognition, the impacts to financial presentation and reporting, and steps companies may need to take to improve current accounting systems and properly capture information needed under the new standard.