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345: ASC 606: Ready for Action | Steve Giusti, Controller, Xactly Corp.; John Dunican , Armanino, LLP
Believe the hype. ASC 606 is one of the biggest compliance changes for business since Sarbanes-Oxley. The new revenue recognition standard goes into effect at the end of 2017 for public companies and at the end of 2018 for private companies. The new standard is based on one overarching principle: When goods and services are…