Revenue recognition under GAAP is a complex area where even seemingly simple transactions are subjected to some very complex recognition rules. Recent changes in revenue recognition rules due to the convergence of GAAP and International Financial Reporting Standards (IFRS) may be leaving your company struggling to assess the changes’ true impact on revenue, and also to come to terms with the scope of your implementation needs and the degree to which you may need to modify your current revenue accounting processes.
At MFA, we are well versed in the historic changes to revenue recognition. Our team of specialists can help you interpret and determine how best to apply the converged revenue recognition standard in your unique business situation. Our specific expertise in this area allows us to:
Download the MFA whitepaper, New Revenue Recognition FAQs.