General Newsletter November 2018
How the New Revenue Recognition Standard Will Impact Manufacturers
The new revenue recognition standard includes important provisions that manufacturers need to be aware of. Effective 1/1/2019 for private companies with calendar year ends, the new standards will change the way manufacturing companies recognize revenue.
Manufacturing companies will often offer sales incentives to their customers, such as rebates, volume discounts or other price concessions. These incentives create variability in the pricing of goods or services offered to customers.