Topic: The New Revenue Recognition Regime: What Contractors Needs to Know
This new "one size fits all" principles-based approach to revenue recognition is a paradigm shift for all contractors who have been accustomed to the percentage-of-completion (PCM) rules-based approach for the last 35-plus years. This presentation will cover: Implementation Considerations | Core Principles of the New Standard and its Five Step Approach | Major Changes for Contractors | Effective Dates | Potential Ramifications of the pending change.
Presented by Rich Shavell, CPA, CVA, CCIFP
Shavell & Company, P.A.