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Myth-Busting the Revenue Recognition Standard

Mybusting Rev Rec

Overcome the Barriers to Revenue Recognition Adoption

Time is running out for private companies to adopt the new revenue recognition accounting standard. Our white paper focuses on some of the key barriers that could be stalling your implementation efforts and provides insight into how private companies can overcome them before the end of 2019.

Myth-Busting the Revenue Recognition Standard focuses on 3 core myths:

  • It won’t affect the company much
  • We don’t need everything in place until the 2019 financial statement audit
  • Expected tax reform changes
  • We can handle it on our own

Separate the Fact from the Fiction Before It’s Too Late

For private companies, changes to revenue recognition in Topic 606 apply to financial years beginning after Dec. 15. 2018 (generally 2019). The updates affect companies in different ways, so estimating the overall impact on your operations may be difficult. 

A closer look at revenue recognition facts will help expedite your adoption by providing a clearer picture of:

  • How the standard applies to you
  • The effort your adoption may require
  • Ways accounting providers can simplify the adoption process

Download Our Myth-Busting the Revenue Recognition Standard White Paper

*CBIZ is a business consulting, tax and financial services provider and works closely with MHM (Mayer Hoffman McCann P.C.), an independent CPA firm providing audit, review and attest services.   CBIZ and MHM are members of Kreston International, a global network of independent accounting firms.