The buzz: Revenue recognition
Revenue is the single-most important item on your company’s financial statement. Now that the IASB and FASB have announced their converged revenue accounting standards, it’s time to prepare for these new requirements. It’s not a matter of whether these will impact you, as well as organizations across the world and across industries. It’s a matter of how much. What can you do to prepare? Have you read the entire 700 pages about the new rules?
The experts speak.
David Furgason, Deloitte Consulting: “You may not control all the events that happen to you, but you can decide not to be reduced by them.” (Maya Angelou)
John McGaw, EY: “There is no limit to what a man can do or where he can go if he doesn’t mind who gets the credit.” (Ronald Reagan)
Pete Graham, SAP: “Watch the pennies, and the dollars take care of themselves.” (popularly attributed to Benjamin Franklin)
Join us for New Revenue Recognition Standard: Now What?