Revenue recognition: Are you ready?
Are you on track for the implementation of new revenue recognition standards? Take our survey to evaluate your progress and review our series of articles to guide you through the process.
To ensure you’re ready for this new revenue recognition approach, we’ve created a series of articles to review the standards, authored by our team of experts. New standards are rolling out now and go into effect beginning after December 15, 2018. The new rules have dramatic changes from the previous process, requiring significant education and understanding of the differences. Is your organization ready?
Assess your progress: Is your organization on track to comply?
Don't wait until it's too late! Take our survey and see if you're on track to comply with the new revenue recognition standards.
Article series: Learn the steps to success
Recognizing revenue: What you do know could hurt you
- Discover the five steps needed for every contract and real examples to help you understand.
- The five steps focus on when you recognize revenue, but our analysis of the guidance suggests that a “hidden” sixth step will be needed in order to fully understand the impact of the new standard on the balance sheet. Learn about this “hidden” sixth step and the related costs that are deferred and carried on the balance sheet.
- Learn what your organization needs to accomplish in 2016 to be ready for the new revenue recognition standard. From inventorying your contracts to applying the standard to a sample of contracts, there are several things you should do this year to prepare.
