The new FASB revenue recognition standard: Charting an effective implementation
July 11 | 2 p.m. ET | 18:00 GMT
Host: Trevor Farber, partner, Deloitte & Touche LLP
1 Overview CPE credit | Specialized Knowledge & Applications
Is your asset management firm implementing the FASB's new revenue recognition standard? The FASB's Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, takes effect in 2018 for public asset managers with annual reporting periods beginning after December 15, 2017. We'll discuss:
- Lessons learned from companies in the midst of implementation.
- The top three challenges asset managers could face during adoption, including performance fees, distribution fees, and gross versus net presentation.
- Important considerations for asset managers and suggested steps for timely and effective preparations.
Gain new insights on developing and executing an effective revenue recognition implementation plan.