Navigating the New Revenue Recognition Standard

Insights for Boat Manufacturers

The new revenue recognition standard (ASU 2014-09) is imminent, and its potential implications for boat manufacturers are wide-ranging. 

While the provisions of this standard will affect manufacturers differently based 
on the specific nature of their contracts and customary business practices, we anticipate some of the most significant impacts for boat manufacturers will be the accounting for variable consideration (for example, dealer incentive programs) and the enhanced disclosure requirements. Proper preparation and technical knowledge will be vital to the implementation process.
Navigating the New Revenue Recognition Standard
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