Get Exposed: Future Concepts for Revenue Recognition
Raise your expectations! Changes are coming. Not today, not tomorrow, but before you know it, we will be re-evaluating revenue and expense recognition under an anticipated new principles-based model. This session will cover the latest updates on this project work and how it's expected to provide structure to recognition and measurement of some very complex revenue streams. It will also highlight how common revenue streams would be impacted by the proposed guidance.
Learning Objectives
Identify the key proposed provisions within the Revenue Recognition Exposure Draft.
Understand how the proposed model will assist governments with categorizing unique revenue.
Evaluate the impact of the proposed revenue recognition guidance on common transactions.