Big changes are coming to revenue recognition standards that will have a major impact on almost all businesses. These regulatory changes impact how companies account for and disclose revenue, and could drive changes in business processes, policies, systems, and controls.
Arnold Nel, partner at PwC, joins Workday’s Ashley Brown, senior director of global revenue recognition and accounting, and Betsy Bland, vice president of financial management products, to address these complex regulatory changes and what they mean for businesses. They also talk about what companies should be doing now to prepare, and the role technology plays in that preparation.
In This Episode
What Is Revenue Recognition?
Changes Coming to Revenue Recognition
How Organizations Are Preparing for Revenue Recognition Changes
The Role of Technology and the Cloud
Advice for Companies Embarking on the Journey
In Good Company (formerly Work Talk) is a video series that addresses the biggest issues facing your business, with some of the smartest minds in the business. Check out all In Good Company episodes here.