Revenue Recognition Blog

KPMG Releases Guide on Revenue Recognition Dislcosures

[fa icon="calendar'] May 16, 2016 12:01:42 PM / by Julia Cain posted in KPMG, Revenue Recognition Disclosures

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FASB significantly expanded disclosure requirements related to revenue recognition which are an important part of the new revenue recognition standard.  The revenue disclosure significantly change to the way in which you will be required to process financial statements even when revenue recognition is not significantly changed.  With ASC 606, you will be required to disclose revenue information regarding the nature, amount, timing and uncertainty of revenue and cash flows. 

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