New Revenue Recognition Rules Will Impact Finance, Business and Technology


Published: 25 January 2018 ID: G00342081

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Summary

New revenue recognition standards will affect both public and private businesses. This analysis will help application leaders identify the impact of the new ASC 606 revenue recognition standards on modernization of finance systems.

Table of Contents

  • Analysis
  • Impacts and Recommendations
    • Failure to Comply Could Trigger Audits, Restatements, Penalties, Valuations, Borrowing Costs and Misunderstandings About Cash Availability
    • The Ripple Effect of ASC 606 Will Extend Into Every Corner of Your Business
    • Current Technology Solutions May Be Unable to Support New Compliance Regulations and Future Business Plans
  • Gartner Recommended Reading
© 2018 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction and distribution of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartners research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.

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