Aeries Technology

Tag: ASC 606 Revenue Recognition

ASC 606 Implementation Challenges and Solutions

ASC 606: Navigating Implementation Challenges and Solutions with Aeries’ Expertise ASC 606, or Accounting Standards Codification 606, is a significant accounting standard issued by the Financial Accounting Standards Board (FASB) in the United States. It outlines the principles and guidelines for revenue recognition from contracts with customers. ASC 606 is significant as it establishes a

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Implementation of new revenue recognition standard ASC 606 case study

New Revenue Recognition Standard – ASC 606 Implementation

Key Highlights Challenge Migration from ASC 605 to ASC 606 in a timely manner Solution Guided and helped the team in complex technical accounting process changes Result Successful review and sign off of gap analysis and ERP changes by Auditors ASC 606 is the new revenue recognition standard that affects all businesses that enter into

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