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ASC 606 – 5 Steps to Accounting Compliance

October 6, 2017

Summary of 5 Steps to ASC 606 Compliance

Manage your revenue allocations so you can confidently and efficiently comply with ASC 606 and IFRS 15.

1.Identify Contracts with Customers

  • An agreement between two or more parties that creates enforceable rights and obligations; applies only to customers, i.e. not partners
  • If in doubt, talk to legal counsel!

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