Vanessa A. Zang Contributes Article on Revenue Recognition and Telecommunications for Pennsylvania CPA Journal

Vanessa A. Zang, Vanessa A. ZangDirector, Audit & Accounting, recently wrote an article on the challenges facing telecom companies when implementing the new revenue recognition standard (ASC 606) for the PICPA’s Pennsylvania CPA Journal. Vanessa notes that with the public company effective date now behind us, there have been two issues that have had the largest impact on telecom financial statements resulting from the five-step model outlined in ASC 606: elimination of the contingent revenue cap (step 4) and material considerations for nonrefundable up-front activation or installation fees (step 2).

Read the article on PICPA’s website