Organizational Change Management Drives Adoption of the New Revenue Recognition Standard - Solutions360
Summary
Multiple Revenue Recognition engagements have taught us to understand the technological and operational impacts in addition to the people implications of change efforts with a holistic approach. A holistic approach to organizational change management (OCM) or the “people side” of the project is core to the successful transition to the new Revenue Recognition standard. By engaging and enabling leaders and the employees that are impacted by Revenue Recognition early and throughout each phase of the project you will increase the likelihood of a successful transition. The leaders’ role in reinforcing updated processes, procedures and new ways of operating are critical to optimizing the implementation of the new Revenue Recognition standard. Read the full story here – ASC 606 Transition Readiness: Your Guide to Accelerate Implementation of the New Revenue Recognition Standard This article was originally published by Financial Executives International (FEI), and has been republished with their express permission.
Classifications
AskAI Classifications
LabelsLinked Companies
