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Business services: Preparing for revenue recognition

March 1, 2018 / 5 minute read

The process for recognizing revenue from service contracts is about to change for business services firms. Planning is essential to adopting the new framework. Use our guide to revenue recognition for service contracts to simplify the change.

The process for recognizing revenue from service contracts is about to change for business services firms, with the new standard taking effect in 2018 for public business entities and in 2019 for all other organizations.

Planning is essential to adopting the coming framework, since the new standard is applied to all contracts with customers. With wide variation and complexity in service contracts, they will have to be evaluated one by one or by portfolio of similar contracts. The process can take significant time.

What's inside:

Our Revenue recognition resource guide for business services lists top topics related to revenue recognition for service contracts, including:

Download our Revenue recognition resource guide for business services to help your organization implement the new standard.

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