Revenue recognition standards are changing – Is your company prepared?

Revenue recognition standards are changing and it is arguably the biggest accounting change to happen in over a decade.

The goal is for international and US business to use systems that are essentially the same and to standardize revenue analysis across industries both public and private.

From the recent PwC survey, many companies do not yet have a complete understanding of how the standard will affect their organizations.

Stetson University Master’s in Accounting program created this infographic because only five percent of businesses have actual started the implementation of these new accounting processes.

Stetson University Online Master of Accountancy Program

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