From the potential impact on sales and compensation to the complete standardization of accounting processes, adhering to the new IFRS 15 revenue standard requires an enterprise-wide revenue transformation. These revenue recognition changes will impact wording in contracts, tax planning strategies, budgets, debt covenant compliance, incentive compensation plans, and more.
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Listen as Deb Jelley and Dave Dzuranin, Senior Consultants from Strafford Technology, discuss the impact, considerations and steps you need comply with the IFRS 15 and ASC 606 revenue standards.
Don’t risk lengthy audits, a bad credit rating, irate shareholders and potential loss of revenue due to non-compliance. It is imperative that accounting and finance practitioners at all levels begin (and complete) their review and preparation for implementing the new IFRS 15 revenue standard NOW.
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FIELD OF STUDY
Public and Private Companies - CFO, Controller, Managers, Auditors, Analysts
Experience in accounting, and finance planning and reporting.