If you think the Financial Accounting Standards Board’s (FASB) new revenue recognition standard is only applicable to those in the wine and cheese crowd, think again.
The standard impacts companies of all sizes, from specialty shops to corporate lenders. You don’t need to be in an industry with specialized revenue to turn your attention to the new standard.
At the Center for Plain English Accounting, we’ve been receiving questions from practitioners on their client’s behalf for some time now. We