ASC 606 Compliant

Hi All,
Just wondering if anyone knows E10.2 is ASC 606 compliant for revenue recognition standard ? Thanks

Depends on your business. In our case, no. We are working on a bolt-on to generate the disclosure reports we are required to report. We asked Epicor about it and they said that they’re not getting a lot of requests for it - despite it being required for all publicly-traded companies this year and private companies next year. < shrug />

Remarkably, ASC 606 is nearly identical to the new IFRS rules, so it’s not just a US requirement. :thinking:

Mark W.

Thanks a lot Mark…