The buzz: Rev Rec.
Revenue recognition is the single most important item on your company’s financial statement and to your organization. The IASB and FASB already announced new converged revenue accounting standards – but they may be delayed a year. If you haven't started planning for the impact, what should your next steps be? If you have started, should you adjust for the delay? And have you read all 700 pages of new rules?
The experts speak.
Chris Smith, PwC: “It's just an accounting change, how hard could that possibly be?!”
Julie Zielke, EY: “This quite possibly will be one of the m