In accordance with the new revenue recognition standard, a government contractor needed to assess current processes and implement necessary ASC 606 rules. BGS Consulting provided the technical accounting resources necessary to perform detailed contract reviews and to summarize relevant components of the new standard.

The Company is global with significant operations overseas. The company employees over 20,000 individuals and required reviews of significant and complex contracts as part of this engagement.

“We needed a technical accountant to help us uncover where our business would be impacted by the new standard,” said a project manager. “Thanks to BGS, we are confident that we have appropriately addressed and adopted the requirements of the new standard.”

BGS is a professional services firm that specializes in providing flexible, tailor-made solutions to businesses of all sizes across multiple industries.