Gartner Research

New Revenue Recognition Rules Will Impact Finance, Business and Technology

Published: 25 January 2018

ID: G00342081

Analyst(s): John Van Decker , Robert Anderson

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
  • Impacts

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

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