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New Revenue Recognition Rules and ERP Systems: Implications for Engineering and Construction Companies
Engineering and construction companies that have, or are implementing, enterprise resource planning (ERP) systems may face several challenges relating to the new revenue recognition rules released by the Financial Accounting Standards Board (FASB) in 2014. How are the major ERP companies addressing the new performance obligation requirement for construction percent-complete accounting? Stay in front of the new revenue recognition requirements and understand how they could impact your company.
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