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Home Resource Library Whitepapers

Implications of the New Revenue Recognition Standard

by Corporate Compliance Insights
October 14, 2015
in Whitepapers
Implications of the New Revenue Recognition Standard

As companies begin to implement the new standard, it’s critical to understand the accompanying business and technology implications that follow. PwC’s latest report offers top-of-mind considerations to prepare for the process, data, system and control impacts and offers a five-step plan to ensure compliance with the new standard.

Additional key elements include:

  • Differences between the Full Retrospective Method and Modified Retrospective Method of adoption
  • Importance of IT involvement throughout the revenue recognition implementation cycle
  • Adoption timeline for orgs to use as reference when transitioning to the new standard

Read the full report here.


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