Are you ready for the new revenue recognition standards? You’ve got less than 2 months.

For accountants, and in fact, business owners all over the world, 1 January 2018 signals more than just a glass of bubbly, a few fireworks and a sparkly hat - it's the launch of a completely new set of accounting standards - one that organisations globally are trying to get themselves up to speed on. On 15 December this year, the FASB's (Financial Accounting Standards Board) new revenue recognition standards will go into effect. The new set of standards will focus on the nature of the revenue, the timing of the revenue and the certainty (or uncertainty) of contracts. The [...]