Select one of the four adjustments as an area of expertise, and in a minimum initial post of at least 200 words address the following below.
Prior to beginning work on this discussion, read the Accounting Standards Update (ASU) No. 2017-13. Revenue from Contracts with Customers (Topic 606) (Links to an external site.) from the Financial Accounting Standards Board.Users of accrual accounting recognize revenues and expenses in the period in which they occur, regardless of when cash is collected or paid. […]