Revenue Recognition Rules are changing!
Over the next three years companies must change the way they record revenue, starting in 2016, 2017 and 2018 when all entities must comply. Enroll now to gain an understanding of the elements of New Revenue Recognition Rules, so you can prepare for this change by developing a program management team, updating business processes and internal controls, learn dependencies on data, revenue automation updates and IT involvement for the new standard.
During this seminar you will learn how the new revenue recognition standards will impact consistency, comparability, disclosures and simplify the preparation of financial statements. You will gain an understanding of the new estimates and disclosures rules relating to revenue recognition. In addition, we will evaluate how the new standards will affect operational and performance metrics, contracts, compensation plans, accounting policies, internal controls and tax matters in the company.
This webinar will help you understand the process, various techniques, generally accepted accounting practices, concepts, and major phases in the New Revenue Recognition Standard. This standard will eliminate the transaction and industry specific revenue recognition guidelines under current GAAP and replace them with a principle- based approach for determining revenue recognition.
Start preparing NOW to figure out, how the revenue recognition standards will affect your company, your financials, investors and how we do business. This highly informative seminar will help your understand this major change, 14 years in the making.