Revenue Recognition: The Countdown is On – Your Guide to a Successful Implementation
Topics our experts cover include: – Suggested project plan companies should undertake – Typical timeline to implementation – When a contract exists under the new rules – How to account for contract amendments and modifications – Determining the performance obligations within the contract – Identifying the entire transaction price, including new required estimates – Determining the stand alone selling price of a performance obligation – When to recognize revenue overtime vs. point-in-time – Impact to your internal control environment – Impact to financial reporting, including new footnote disclosures – Technology and general ledger system impacts – Impact to corporate income tax compliance