Revenue recognition has been a hot topic for several years now. Although it's easy to get caught up in day-to-day activities, this accounting standard is not a "set it and forget it" kind of standard. We’ve seen many companies make changes to their marketing offerings based on competition. As changes and updates are made, the allocation of the discounts need to be recalculated. Careful analysis is needed to account for the discounts. If you have any questions or need assistance, please reach out to a financial professional or submit the Contact Us form below.
Check out more valuable insights you can receive from our informative archived webinar, "Telecom Accounting Challenges & Strategies.” Also, get additional revenue recognition resources here.