After much deliberation, the FASB and IASB are set to release a final global revenue recognition standard in the coming months that will do away with current industry-specific accounting and instead apply a single set of principles to all revenue transactions. Changes to practices, processes and systems could ripple through your business. 10Minutes on revenue recognition provides information about the standard as well as insight into ways in which some companies are preparing for the br
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Good stuff from PWC. Click on the Download: 10 Minutes on revenue recognition – the paper will come up automatically.
Enjoy. Dave Tate, Esq.