Executive Accounting Update – Action Items for Revenue Recognition Transition: Banks and Financial Institutions
Jan 19, 2015
From the Financial Reporting Network
KPMG LLP recently released Executive Accounting Update – Action Items for Revenue Recognition Transition: Banks and Financial Institutions complement a single-page industry supplement issued in 2014. The new executive accounting update identifies industry-specific issues for financial institutions to consider when assessing how the revenue standard will affect their financial reporting, information systems, and processes. It also identifies action items that respond to the potential effects, and considerations for assessing transition options.