Using the Modified Retrospective Transition Method
Kathleen Baldwin, CPA, CCIFP
“The CICPAC membership has compiled supplemental documents focused on the new Rev Rec standard to assist our clients (and friends) in the construction industry.”
The proposed Revenue Recognition changes have been discussed for over nine years. Now that all the topics are becoming clearer, we’re excited to share with you another resource to help our clients and friends dive into understanding the standard and the topics associated with each.
Our publications are edited by the best in the industry, it is offered as a “go to publication” for construction CPAs and their clients. This guide offers guidance on Topic ASC 606 – Modified Retrospective Approach.
Submit the form below to download the full PDF and reach out to your local CICPAC member firm with any questions or for assistance in implementing.