Revenue standard causes concern about compensation arrangements
Jun 03, 2016
On June 3, 2016, the Journal of Accountancy released an article where they discuss how compensation arrangements are emerging as a big concern for companies as they implement the new revenue recognition standard.
The new revenue recognition standard is causing companies to review compensation arrangements and bonus structures that are based on revenue metrics, said Deloitte & Touche LLP's Eric Knachel, CPA. Knachel said that compensation arrangements are just one example of the broader nonaccounting issues that make it necessary to focus immediately on implementation.
Review the article on the Journal of Accountancy's Web site.
