FINANCE 360 GROUP

Do you need a trusted advisor? Contact us at info@f360g.com to discuss how we can help you achieve your goals. When You Need Results. Turning Challenges into Opportunities... The revenue principle of GAAP requires revenue to be recorded in the period it is earned regardless of when it is billed or when cash is received. This is a simple measure if you are selling and shipping a product to a customer, but can become an administrative challenge for companies that are delivering high value, lengthy installation projects. Proposed new revenue recognition rules include sweeping changes to systems and processes that may catch companies off guard. Here's why you should prepare now.