Revenue Recognition Standard finally effective for nonpublic companies. 你准备好了还是还在否认?

我只是去按摩的.  我不知道有什么封口费.  更衣室里最重要的是尊重.  The adoption of ASC Topic 606, “Revenue from Contracts with Customers” won’t have an impact on us. 这些都是我们最近听到的否认.  我不是说我相信他们中的任何一个, 但也许对建筑行业来说是这样, I can at least address whether one of those denials is an alternative fact or fake news.

对于非上市公司, ASC Topic 606 is effective for years beginning after December 15, 2018, 这意味着如果你是一个日历年终公司, 它将于1月1日生效, 2019.  你准备好了还是还在否认 that it won’t impact your company?  Maybe answering a few of these questions will give you a sense of which end, 事实还是虚构, 你离我最近.

• Do your contracts have modifications (changes in scope and/or price)?  If so, you will need to address whether or not to account for those modifications as a separate contract (changes relate to goods or services that are distinct, and price of the contract increases by standalone selling price) OR as part of the original contract. 
• Do your contracts have either multiple goods and/or services provided to a customer OR multiple contracts with the same customer?  如果你有第一种情况, you may need to evaluate those multiple goods and/or services as separate performance obligations, 有单独的交易价格和收入确认.  If you have the second scenario, you may need to evaluate whether those contracts should be combined.  它们是作为一个整体来谈判的吗?  Is the price to be paid for one contract dependent on the price of the other?  These questions are relevant to the accounting treatment of multiple contracts.
• 你们的合同有保证或折扣吗?  If your customer has the option to separately purchase a warranty (or extended warranty), 哪一个代表单独的履行义务, you may be required to allocate a portion of the contract value to the warranty.  If you have discounts and multiple goods and/or services provided within your contracts, you will need to address how those discounts are applied to the separate performance obligations.
• 你们的合同有变数(变更订单)吗, claims, 违约金, bonuses, 绩效激励机制, etc.)?  如果你们的合同中有变数的话, you will need estimate that transaction price using an approach that best predicts the amount to which your company is entitled to (expected value or most likely amount approaches).  一旦确定了变量考虑, you may need to consider whether that price needs to be “constrained,到不太可能出现收入逆转的程度.  索赔和奖金的现金基础, or waiting for a signed change order may no longer be appropriate accounting options under the new standard.
• 你的工作现场有未安装的材料吗?  你们有一大批骨料吗, copper wire or rebar delivered to the jobsite that wasn’t installed prior to balance sheet date?  What about an HVAC system or elevators that weren’t installed before the new year? 如果满足某些标准, 它可能表明这些费用已经发生, and they were not in proportion to your measure of progress in completing the contract.  相应的, you may have to adjust your percentage-of-completion calculation to recognize revenue only to the extent of that cost incurred (no margin).

你对上面列出的任何一个问题的回答是肯定的吗?  If so, the adoption of ASC 606 will likely impact your company.  If you answered no to all of them, you’re probably not in the construction industry.  The last question and most important:  Are you ready for the adoption of ASC 606?  While the questions above address some of the more common factors that impact the construction industry, the actual guidance and subsequent amendments are thousands of pages and cover a multitude of other topics.

你的双臂似乎让人难以接受?  你是否已经开始你的实施计划, or still trying to figure out the meaning of “distinct” and “constraint,或者介于两者之间, 施耐德唐斯的咨询bet9平台游戏可以提供帮助.  不是假新闻，不是另类事实.  We have the experts who know the construction industry and are ready to get you to the ASC 606 adoption finish line.