The New U.S. Revenue Recognition Standard

Download or read book The New U.S. Revenue Recognition Standard written by D. Nickson and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This article highlights areas in which the new accounting revenue recognition standard, ASC 606, is likely to have an effect on companies' transfer pricing analyses, such as in applying profit-based methods, under cost sharing, and in preparing country-by-country reports. They recommend proactive engagement between tax, finance, and other stakeholders as the standard is adopted to make sure any necessary actions or key decisions are addressed fully.