CPEA revenue recognition series - Fortune favors the prepared: Part 3

We continue our revenue recognition series on implementation issues from FASB Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers. In Part I and Part II of our series, we emphasized the importance of preparation as a result of the magnitude of changes in financial reporting but also due to anticipated changes in the conduct of business in the economy. Part I and Part II of our series on the significant areas of implementation covered the following topical