This free webcast on how to be ready for the new revenue recognition standard was hosted by Tensoft and presented by Silicon Valley software revenue recognition expert, Jeffrey Werner. The following is a partial transcription of the beginning of the recording below:
“Today we are going to talk about the new FASB IASB revenue recognition standard and revenue from contracts with customers. This is an overview of our agenda for today. We will be looking at the who, what, when, where, why, the 5 W’s of the new revenue recognition standard. We talk about the process and scope of the standard, the adoption methodologies, the new core principle of revenue recognition under the new standard and the five steps to revenue recognition that complete the core principle. We talk about the significant changes to the revenue recognition from current US GAAP, look at how to do an impact assessment, implementation plan and project management for the new revenue recognition standard”.
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