As the deadline for nonpublic entity adoption of the new revenue recognition guidance approaches, it’s important to understand how your company will be affected. The energy industry will see some key changes, but what areas are the most pressing and what potential costs and benefits can you anticipate? Join BKD for a complimentary webinar as we navigate important aspects of the revenue recognition standard, e.g., scope, model and adoption considerations.
Upon completion of this program, participants will be able to:
- Identify likely areas of difference between the previous revenue guidance and Accounting Standards Codification Topic 606 (Topic 606) in the energy space
- Discuss the principal versus agent concept under Topic 606
- Describe the new disclosures required for nonpublic companies