Last month we published a 4-part blog series titled Revenue Recognition: A Brief History of the New Standard. In it, you can find all sorts of information about the FASB and IASB’s joint converged standard on this critical part of public company disclosures. It covers everything from the basic 5Ws of the standard to a timeline of its lifecycle to a detailed list of tips and tricks for preparing for the transition.
But we know that your time is precious, and depending on your month, week or day, you may not have time to peruse such extra-curricular readings. So we’ve created a pared-down, easy to read infographic that highlights the key takeaways from the larger series.
So if you’ve got 2 minutes, check it out and brush up on your rev rec knowledge!