Video Series: Revenue Recognition for Manufacturers—Myth #1
After speaking with several manufacturers that are analyzing their operations against the new revenue recognition standard, we realized there are a few common misconceptions. To help navigate the new standard, we’ve dispelled the top four rev rec myths for manufacturers.
This video is part one of our four-part series dispelling the top revenue recognition myths for manufacturers.
Myth #1: It doesn’t apply to you.
Manufacturers aren’t off the hook. Companies across all industries—from software development to manufacturing—are required to apply the new standard to their revenue streams. Compliance evaluations with the new standard aren’t just recommended; they are mandated.
If you haven’t started your evaluation or transition to the new standard, then this video is for you.
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