New revenue recognition guidelines are coming to the technology industry. TSIA has been working with a task force of member companies to identify the business challenges being created by these new regulations. This paper covers the following topics:
- Potential areas where the adoption of ASC 606 may impact P&Ls.
- Common practices in how technology companies are interpreting ASC 606 guidelines.
- Areas where technology companies are interpreting ASC 606 guidelines differently.
The intended audience for this paper includes any executive that owns a P&L within a technology company, product management leaders, finance leaders, revenue recognition experts within your company, and outside auditors being consulted to help interpret the impact of ASC 606 on your company.