CPEA revenue recognition series – Fortune favors the prepared: Part 4

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, Part II, and Part III 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, Part II, and Part III of our series on the significant areas of