ASC 606 & The Healthcare Industry
Implementation Considerations for Health Care Organizations Upon Adoption of the New Revenue Recognition Requirements under ASC 606
The model for revenue recognition is changing for all industries. ASU 2014-09: Revenue from Contracts with Customers (Topic 606) requires all organizations, including healthcare providers, to evaluate revenue recognition in a new way. This white paper, brought to you by the Baker Newman Noyes audit practice, covers some of the key concepts and potential issues of ASC 606 and how you can prepare your healthcare organization for these changes.
In this white paper you’ll find:
- Guidance for understanding and complying with the FASB’s new revenue recognition standard
- Reporting considerations and potential issues specific to healthcare organizations
Download this white paper to get started in understanding how this new standard may affect your healthcare organization.
Disclaimer of Liability: This publication is intended to provide general information to our clients and friends. It does not constitute accounting, tax, investment, or legal advice; nor is it intended to convey a thorough treatment of the subject matter.