Revenue Recognition Resources
The new revenue recognition standard should be at the forefront of your mind this year as it becomes effective for non-public entities with reporting periods beginning after December 15, 2017. This means the business decisions being made and contracts entered into this year will have different implications for your business next year.
There are many key areas that, under the new standard, will have the greatest impact such as combination of contracts, repurchase agreements, consignment arrangements, bill and hold arrangements, customer acceptance terms, warranties, price concessions, volume discounts and more.
To help you better understand the implications of this standard, our industry experts have created this online portal, which contains an array of articles, webinars and tools on the revenue recognition standard.
Thomas DeVitto, Chief Marketing Officer