What a long, strange trip it’s been from the release of the new revenue recognition standard to the adoption year for private companies.
Although we are in the home stretch for adoption of the new revenue recognition standard, it could still be a mad dash to the finish line for those who have not started to prepare, so we will define who it applies to and debunk some common misconceptions.
1. Who it applies to:
Any company that has contracts with customers – i.e. technology, life sciences,…