Revenue Recognition Standards
reate a 7- to 12-slide presentation.
Describe the new Revenue Recognition standards.
Project the impact of these new standards on financial reporting.
Answer preview
uNew Revenue Recognition standards could also result in potential changes to pricing and market strategy of the businesses and companies.
uOne positive impact is that the businesses will be able to determine whether the plans require modification
uLastly, the other effect is that they will replace the guidance under GAAP and accelerate the timing of revenue recognition compared with the previous rules (Dyson, 2015)…
(9 slides)