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The buzz: Revenue recognition. Revenue is the single-most important item on your company’s financial statement. Now that the IASB and FASB have announced their converged revenue accounting standards, it’s time to prepare for new requirements. It’s not a matter of whether these new will impact you, as well as organizations across the world and across industries. It’s a matter of how much. What can you do to prepare? Have you read the entire 700 pages about the new rules? The experts speak.
David Furgason, Deloitte Consulting: “You may not control all the events that happen to you, but you
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