Kerper and Bowron LLC

400 Vestavia Parkway, Suite 131

Birmingham, AL 35216                   205-588-4028 (Main)

© 2019 by Kerper and Bowron LLC

May 14, 2019

John Kerper and Lee Bowron will be attending the Agent Summit.  We will have a table during the Reinsurance portion of the program.  We look forward to seeing you there!

May 14, 2019


ASC 606 will have a major accounting impact for any entity which receives contingent commissions. In general, you will be required to recognize any estimated future commissions as revenue at contract inception.


In 2014, the Financial Accounting Standards Board (FASB) released Accounting Standards Update 2014-09: Revenue from Contracts with Customers and created Accounting Standards Codification (ASC) Section 606. For private companies, this standard is effective for annual reporting...

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