2019 - New Revenue Recognition Rules - Necessary Steps for a Transition

Necessity of planning
How to evaluate your system’s strengths and weaknesses
How to evaluate the changes from current GAAP
How to evaluate the impact on the company’s accounts
How to outline a plan for anticipating the impact on your internal controls
The processes, objectives, components and requirements for effective implementation
How to document your processes, objectives and requirements
Identify the contract, performance, obligations and price
Identify when the entity satisfies the performance obligations
Help all employees, individuals, supervisors, managers and executives assess the rule