On Thursday, September 14 the Walz Group will present a seminar on the upcoming changes to Revenue Recognition standards at the Lancaster Country Club. Registration and breakfast will begin at 7:30 a.m. followed by the program from 8:00 to 9:15 a.m. Admission is free to our guests, but we do request a RSVP by Thursday, September 7 to RSVP@walzgroupcpa.com or 717.393.8200.
Revenue recognition is a critical measurement used by management, lenders, investors, and other stakeholders as to the performance of a business. In an effort to standardize revenue recognition, the Financial Accounting Standards Board (FASB) issued comprehensive new accounting standards that will go into effect in 2019 for private companies. The new standards may significantly affect revenue reporting in some industries and minimally in others, depending on industry, facts and circumstances. This informative seminar will:
- Discuss the provisions of the change
- Apply the standards to case study scenarios
- Provide tips on how to prepare for the changes in 2017 and 2018
We hope you will be able to join us to learn more about these very important changes.