Revenue recognition for architecture and engineering firms
- Date:
- Sept. 18, 2017
Are you wondering how the new revenue recognition standards will affect your architecture or engineering firm? Join us for a deeper dive into the two steps that will cause the most change for you.
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
