Revenue from Contracts with Customers

The rules for recognizing, measuring, and disclosing revenue are changing. The new rules are more complex and replace virtually all existing revenue recognition guidance. The guidance affects all entities – public, private, and not-for-profit – that enter into contracts with customers to transfer goods or services or enter into contracts to transfer nonfinancial assets. Affected organizations need to understand the new requirements now so that they can start preparing to implement them.
Revenue From Contracts With Customers