Changes coming for consumer products revenue recognition
Learn how the revenue recognition of consumer products organizations could be affected by the new guidance issued by the Financial Accounting Standards Board, which will replace virtually all the revenue recognition guidance previously applied by consumer products organizations. Certain aspects of a consumer products organization’s revenue recognition that could be substantially affected by the new guidance include:
- Variable consideration
- Sales involving distributors
- Loyalty programs
Read our summary, Changes to revenue recognition in the consumer products industry. For more information, contact your RSM representative or Rob Casillo, consumer products industry assurance practice leader, at 215.648.3168.