While the recent delay of one year in the effective date of the revenue recognition standard provides some relief, the number of processes that need to change and get created is quite cumbersome, so companies should not delay in assessing the impact and learning the new guidance. Implementing the new standard presents challenges for many companies, including assessing whether your systems are ready to capture the data needed to support new accounting and financial reporting requirements.

This session will provide a brief overview of the new standard, some of the areas where it will have a profound impact, and will provide some thoughts on how to assess and implement the change.