Accounting change drives new ideas about how to do business
May 29, 2018
On May 29, 2018, Compliance Week published an article on how companies are beginning to reconsider certain aspects of how they do business as they adapt to new accounting rules.
At Compliance Week's 2018 conference, partners at Deloitte said certain changes in accounting rules for leases and revenue recognition are driving discussions about whether companies should change the way they manage contracts and compensate certain employees.
The discussions seem a little more advanced in the context of new revenue recognition rules, but lease implications are causing some reflection. Even new rules for recognizing loan losses are driving new conversations at financial institutions.
Review the full article on Compliance Week's website.
