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Revenue Recognition Serial – Part 1: Introduction of the 5-Step Process

Due to the breadth and complexity of the new revenue recognition standard and the need for entities to evaluate its impact on financial reporting, contracts and systems in preparation for implementing this standard, Mayer Hoffman McCann’s Professional Standards Group has created a Revenue Recognition Serial to provide information about the requirements of the standard and other considerations in these easier-to-read publications.

The first issue, linked below, provides a high-level overview of the core principle of the standard. Future articles will include breakdowns of each step in the recognition process and disclosures, as well as other issues that will help you understand and begin to implement the standard.

Revenue Recognition Serial – Part 1: Introduction of the 5-Step Process

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