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New MHM Biz Tips Video: How to Adopt the New Revenue Recognition Standard

While the new Revenue Recognition standard has been delayed, it is complex and could mean a lot of changes for how businesses record revenue. MHM Shareholder Brad Hale explains how you should approach the inevitable adoption of this standard and suggests ways that you can use this opportunity to prepare for the future. Find more resources on our Revenue Recognition page.

See more videos on the MHM Biz Tips channel on YouTube.

NOTE: On April 1 the FASB proposed pushing back the effective date of the new revenue recognition standard by one year. The expected adoption of the proposal will cause Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers to be effective for annual reporting periods and interim reporting periods within annual periods beginning after December 15, 2017 for public companies. Private companies will be required to implement the standard for annual periods beginning after December 15, 2018, and interim reporting periods within annual periods after December 15, 2019. Read our related MHM Messenger about the delay»

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