Revenue recognition for architecture and engineering firms
- Date:
- Sept. 18, 2017
With the new revenue recognition accounting standard that was issued, most companies that follow U.S. GAAP or IFRS will see a significant change in how they disclose revenue and costs related to contracts with customers. For architecture and engineering firms, steps two and five of the new process – identifying performance obligations and recognizing revenue – will cause the most change. Join Plante Moran experts for a deeper dive into those topics to ensure you’re prepared for the new standards.
At the conclusion of this session, participants will be able to:
- Better understand how the changing revenue recognition standards will affect them specifically as architecture and engineering firms
- Identify separate performance obligations more easily
- Understand what pieces of the new process will need the most attention
Presenters
Chris Kassab, CPA, associate
Andrea Slabinski, CPA, associate
Moderator
Kevin Flattery, CPA, partner