Many companies are at risk of falling behind schedule on implementing the revenue recognition standard, according to a new survey by Ernst & Young, and CFOs and CIOs are not in agreement on the reason why.
According to the findings, 70 percent of companies do not yet have their revenue recognition programs complete, while 45 percent of companies implementing or upgrading to a new system are having difficulties and are concerned about not having a fully-functioning system in place for the deadline.
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