Companies should remember that this new revenue recognition standard is more than just a new principles-based technical accounting standard. It has a far-reaching impact across numerous industries and the key functions of the organization. Because of this, all companies should consider the need to assess the implications of the new standard now and begin to develop implementation plans as appropriate.
Join us on July 23, when we will discuss potential key industry and cross-functional impacts of this standard. Topics include:
- Assessing the impact and planning the transition
- Industry and product specific challenges
- Changes to internal controls and business policies
- Adjusting business/IT models
This five-part series provides direction on how to operationalize the new revenue recognition requirements through six key elements of infrastructure: policies; processes; people; organization reports; methodologies; and systems and data. To replay the first four webinars of the series, access the webinars through the following links:
Webinar #1 – Revenue Recognition: It’s Here, Are You Ready? Transitioning to the New Revenue Recognition Standard
Webinar #2 – Revenue Recognition: The People Elements – A Collaborative and Cross-Functional Collaboration Process
Webinar #3 – Revenue Recognition: Using a Methodology to Identify Gaps in Current Business Processes
Webinar #4 – The New Revenue Recognition Rules: Systems, Data, Reporting and a Transparent Audit Trail