posts tagged as ASC 606


By Lee Klumpp | April 07, 2015

To Delay, or Not to Delay? That is the Big ASC 606 Question

Okay, I have taken a few liberties with Shakespeare. But over the past several months, there has been a lot of dialogue and speculation among preparers, auditors and users of financial statements as to whether the Financial Accounting... read more


By Nonprofit Practice Leaders | March 02, 2015

Results from Reader Survey: Is Your Nonprofit Prepared to Implement the New Revenue Recognition Standard, ASC 606?

Last month, we asked you to share your thoughts on the new revenue recognition standard issued by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) in May of 2014. read more


By Lee Klumpp | September 29, 2014

Think the New Revenue Recognition Accounting Standard, ASC 606, Won't Apply to your Nonprofit? Think Again.

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASC 606) 2014-09, Revenue from Contracts with Customers, (Topic 606). The ASU establishes the core principle that an entity must recognize... read more


By Nonprofit Practice Leaders | September 16, 2014

You're Invited: Think the New Revenue Recognition Accounting Standard, ASC 606, Won't Apply to Your Nonprofit? Think Again.

Please join BDO for our fourth session in the BDO KNOWLEDGE Nonprofit and Education Series, Think the New Revenue Recognition Accounting Standard Won't Apply to Your Nonprofit? Think Again. This session will take place on Thursday... read more