Revenue recognition has always represented a challenge ... it is acceptable for contractors to apply ASC 606 to a portfolio of contracts rather than individually accounting for each.

The January webcast also included a deep dive into step 3 of the five-step revenue recognition process outlined in FASB ASC 606.

Photo Courtesy of Olga PeteanHERMOSA BEACH, Calif., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Industry pioneer Olga Petean has ...