COR1804 - Revenue Recognition - What Did We Learn from Public Companies?

Calendar year end public companies adopted the new revenue recognition standard, ASC 606: Revenue from Contracts with Customers, in the first quarter of 2018. Hear from the Global Leader of the Engineering and Construction industry for EY what impacts were felt by public companies upon adoption, including changes in revenue recognition methods and policies, classification of contract assets and liabilities, impact on tax accounts and new disclosures.

Learning Objectives:

1. To identify key changes in revenue recognition that will be required upon adoption of the new revenue recognition standard, as disclosed by those who have already adopted the standard.
   
2. To identify new methods of classification of contract relate