Accounting for Revenue Recognition: Understanding the Changes and New Disclosure Requirements
June 10 | 11:00 AM ET | 15:00 GMT
Host: Bob Uhl, Partner - Deloitte & Touche LLP
1.5 Intermediate CPE Credits | Accounting
With the issuance of the new FASB and IASB revenue standards on May 28, businesses need to assess the impact it may have on their current accounting policies, systems, processes, and controls. What should a business consider, and how can they prepare to adopt the standard? We'll discuss:
- Key provisions of the new standard, including the five specific steps for recognizing revenue and its comparison to current U.S. GAAP.
- The new disclosure requirements that are significantly more extensive than current requirements.
- Effective date and transition options.
Learn more about the new standard and begin to plan for your organization's implementation activities.
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