This blog post was originally posted on Austin Technology Council's weekend update on August 19, 2016.
You have probably heard by now about the new revenue recognition standard that goes by the acronym ASC 606. If you have, you know its importance.
All companies in the US, mostly private companies that follow the U.S. Generally Accepted Accounting Principles, or GAAP, need to start implementing the new revenue recognition rules if they haven’t .
Every company that wants to get a better handle on their finance and accounting function has the eternal dilemma of either hiring an in-house team to perform it within the company or retain the .
Poor financial controls can create significant waste, fraud, or decreased credit rating – yet it happens to thousands of businesses every year. A sound internal control environment is the foundation .
