Research 2 industries where revenue recognition complexity has led to changes in measuring and reporting revenue. We
Question:
Research 2 industries where revenue recognition complexity has led to changes in measuring and reporting revenue. We touched on higher education and the ski industry in class. Pick 2 other industries and identify 2 specific companies(one within each industry) impacted and discuss, in relation to the 5 Steps to Revenue Recognition as provided by ASC Topic 606, what factors are at play and how the company (and industry as a whole) are addressing the new standards. Cite your sources appropriately for both industry and individual company research. Should have a minimum of 4 sources (2 industry sources and 2 corporate-related sources) Your submission should include a written discussion along with an outline of the 5 Steps applied to each industry or each specific company. So, overall you should be addressing the 5 Steps twice, with supporting written analysis and summary.