The new revenue recognition standard is going to force many companies to make new disclosures, but they shouldn’t wait until the last minute to get ready, warns a recent report.
The report, from Deloitte, notes that some public companies might put off considering the revenue recognition standard’s new disclosure requirements until early 2018, after the new standard becomes effective as part of the first-quarter reporting process for public business entities. However, that strategy could be risky.
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