by RightRev | Apr 21, 2025 | Economics/Economy
As controllers, we’re responsible for ensuring our companies comply with accounting standards like ASC 606. But when tariffs enter the equation, it can complicate revenue recognition in ways we need to understand. Tariffs have been making a comeback, creating...
by RightRev | Feb 27, 2025 | Software
Navigating the world of GAAP accounting standards can be daunting. But one particular compliance standard, ASC 606, seems to cause the most loss of sleep at night for Controllers. Between defining revenue policies, keeping documentation up to date, and navigating...
by Controllers Council | Mar 11, 2020 | Accounting, Corporate Finance
As part of its continuing efforts to restructure and simplify accounting standards, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) standard 606 (ASC 606). ASC 606 is a framework that enables more consistent revenue...
