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The adoption of the new revenue recognition standard is fast approaching. Changes in the amount and timing of revenue recognition could have substantial tax consequences, affecting an organization’s tax data, processes, controls and tax compliance, planning and reporting.
KPMG’s Department of Professional Practice and Washington National Tax are pleased to announce a CFO Financial Forum and TaxWatch Webcast, Tax Implications of the New Revenue Standard. The Webcast will cover:
Brief overview and background of the new revenue standard
Overview of income recognition rules for tax
A big picture review of the tax impacts of adopting the new financial accounting standard
Specific tax considerations associated with changes in revenue recognition.