A new, comprehensive accounting standard is set to change the way many companies recognize revenue in their financial statements, and that could reverberate through myriad systems and processes in significant ways. Many companies do not yet realize the degree of change the new standard will usher in, nor how it could affect many industries in unexpected ways, according to experts at PricewaterhouseCoopers (PwC) and Wharton, who discuss the implications in this white paper.
For Personal use:Please use the following citations to quote for personal use:
MLA"New Revenue Recognition Rules Delayed, but Start Planning Now." Knowledge@Wharton. The Wharton School, University of Pennsylvania, [15 August, 2013]. Web. [01 November, 2014] <http://knowledge.wharton.upenn.edu/article/pwc-new-revenue-recognition-rules-delayed-but-start-planning-now/>
APANew Revenue Recognition Rules Delayed, but Start Planning Now. Knowledge@Wharton (2013, August 15). Retrieved from http://knowledge.wharton.upenn.edu/article/pwc-new-revenue-recognition-rules-delayed-but-start-planning-now/
Chicago"New Revenue Recognition Rules Delayed, but Start Planning Now" Knowledge@Wharton, [August 15, 2013].
Accessed [November 01, 2014]. [http://knowledge.wharton.upenn.edu/article/pwc-new-revenue-recognition-rules-delayed-but-start-planning-now/]