This article is based on a session led by Krystal Smith, Director of Finance at VFP, held in our latest team meetup. Summary of the article: The session covered key accounting concepts, including revenue recognition, ASC 606, and the differences between cash and accrual accounting methods. Revenue recognition involves recording revenue when it’s earned, while… Continue reading Why Understanding ASC 606 Revenue Recognition is Important for Accurate Reporting and Smart Decisions.