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How the New Revenue Recognition Rules Could Impact Budgeting and Planning

Planful

But Robert Kugel , SVP and Research Director at Ventana Research, recently published an article highlighting the impact the new guidelines can have on budgeting and planning. However, the revenue recognition guidance offered under US GAAP vs. IFRS has differed and was in need of improvement. Background – What’s Changing and When?

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Cash-Flow Forecasting remains KING

Simply Treasury

For many, CFFs are simply a sort of budget revision exercise. However, CFF’s ought to be consolidated (in IFRS format) at least quarterly, with a monthly review, with forecasts going forward to at least the end of the current financial year and with a subsequent review to explain the variances and to instil forecasting discipline.