Now's the time to prepare for revenue recognition rule changes
There is a word that accountants fear may be creeping into accounting departments across the country: inertia.
Inertia is defined as a tendency to do nothing, and with the major changes coming to revenue recognition, doing nothing is not an option.
The genesis of inertia often lies in the difficulty of where to start.
It's never too early to get on the offensive and tackle the challenging process of implementing Financial Accounting Standards Board accounting standards codification topic 606,...