The New Revenue Recognition Standard

The New Revenue Recognition Standard

The FASB and IASB’s converged standard on revenue recognition is a historic change that establishes a global model for virtually all industries in U.S. GAAP, including those that previously followed industry-specific guidance. Even though effective dates for the standard are not until 2017, the work toward proper implementation needs to begin now. As such, gaining an understanding of when you will be impacted is critically important, as is having an understanding of the core concepts.

Download our whitepaper, The New Revenue Recognition Standard, which outlines the new, five-step revenue recognition model in detail.

Download Now

 

Related posts
Cryptocurrency

Cryptocurrency: The Top Things You Need to Know

The world of crypto investing is still relatively uncharted territory. It is important to understand…

Read More

Revenue Recognition for Healthcare Organizations

For healthcare entities, the new revenue recognition standard, Revenue from Contracts with Customers, or ASC 606,…

Read More