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hi Iamp;#39;m Alan Baker and Iamp;#39;m priya singleton and we arenamp;#39;t part of Blueamp;#39;s quality control team welcome to our second video on the revenue recognition standard or accounting standards codification ASC topic 606 as itamp;#39;s commonly referred to in our last video we provided you with an overview of the five-step revenue model if you havenamp;#39;t watched that video already we recommend doing so to get a broad understanding of the key considerations under each of the five steps today we want to discuss the impact of 606 specifically on Healthcare Organizations Priya before we get into some of the specifics do you want to remind viewers on the effective date scope and transition options of the new standard sure Alain the standard is basically effective now we have a few healthcare clients that have bond financing which is actively traded and for these public business entities the standard was effective for annual reporting periods beginning after D
