Bill-and-Hold Arrangements in ASC 606
Accounting software provides real-time reporting and analysis, giving companies the ability to monitor revenue recognition and identify any discrepancies or potential compliance issues. This level of visibility can help organizations stay ahead of potential problems and ensure ASC 605 compliance. The SEC also published new guidance with respect to accounting for sales of vaccines and bioterror countermeasures to the Federal Government for placement into the pediatric vaccine stockpile or the strategic national stockpile. Looking at accounting and journal entry...