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Navigate guidance in ASC 606 and ASC 340-40 with new guide

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Grant Thornton’s Accounting Principles Group has released an update of its comprehensive guide on the ASC 606 and ASC 340-40 revenue standard called Revenue from Contracts with Customers—Navigating the Guidance in ASC 606 and ASC 340-40. This guide:

  • Summarizes the new five-step revenue model and implementation guidance
  • Incorporates discussions, insights and examples from the Joint Transition Resource Group for Revenue Recognition
  • Provides GT insights on various topics including how the guidance may differ from legacy GAAP
  • Includes illustrative examples to demonstrate how to apply the guidance

Download the guide