Resource Center Publications | DHG Views


Impact of the New Revenue Recognition Standard on Dealerships


The Financial Accounting Standards Board (FASB) has issued a new accounting standard for revenue recognition, “ASC 606: Revenue from Contracts with Customers”, replacing nearly all existing revenue guidance under US Generally Accepted Accounting Principles (GAAP). The new standard uses a 5-step process to analyze revenue recognition. This memo will analyze the new standard at a high level to assess the GAAP impact on dealerships.

Jon Hansen, Partner | DHG Dealerships
704.367.5864 |

Industry Issues

Services In Focus
Alerts, News
& Publications

Financial Incentives for Green Commercial Buildings-...

Going green is typically associated with elevated costs, but federal tax...
Read More

DHG and NCM® Associates Announce Joint Venture

Charlotte, N.C., February 12, 2018 – Dixon Hughes Goodman...
Read More

Tax Reform Retools, Upgrades R&D Incentives
The Tax Cuts and Jobs Act (P.L. 115-97 or the Act) was signed into law on...
Read More



Have You Heard of...
WCSC-TV’s Live 5
Read More

Warranty Woes in ...

Warranties seem
Read More

Case Studies