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10Minutes on the future of revenue recognition
Revenue, or the “top line,” is one of the most closely-monitored measures of an entity's growth and market share.
The FASB and IASB are currently in the process of replacing the labyrinth of existing revenue guidance with a new global accounting standard that will apply to all revenue transactions, regardless of industry.
Understanding the effect of this change on your business will help you inform your key stakeholders, prepare internally, and limit surprises down the road.
This 10Minutes provides a preview of the proposed changes and their implications.
Related thought leadership :
- Are you ready for the proposed changes to revenue recognition?
- US GAAP convergence and IFRS: What you need to know about the FASB and IASB's joint projects
- 2011 US GAAP convergence & IFRS survey: How companies are preparing for convergence between US GAAP and IFRS
- Point of view: Finding the right pace for standard setting
- IFRS and US GAAP: similarities and differences
- Additional US GAAP convergence & IFRS publications
