Revenue recognition for broker-dealers and investment advisers
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In 2014, the Financial Accounting Standards Board issued new guidance that provides a comprehensive revenue recognition model and replaces virtually all pre-existing revenue recognition guidance in U.S. generally accepted accounting principles.
The new guidance must be implemented no later than the quarter and year beginning Jan. 1, 2018 for public entities with a calendar year-end. For all other entities with a calendar year-end, implementation must occur no later than the year ending Dec. 31, 2019.
These changes may affect your accounting and reporting processes. In order for you to be prepared, RSM invites you to join us to discuss:
- Revenue streams most affected by the new revenue recognition guidance
- Transition considerations
- Disclosure matters