New Rules for Revenue Recognition for Manufacturers

Changes are on the horizon regarding the rules used to determine when revenue from agreements with customers for goods and services is recognized for financial statement purposes.

H&M works with many manufacturing clients and it is important to us to keep you up up-to-date on important industry information. The Tax Adviser does a nice job of explaining these changes. We encourage you to visit the link below to read their write-up. Please contact us with any questions you may have. We would be happy to assist you.