Accounting for revenue is changing | KPMG | GR

Accounting for revenue is changing: The impact on food, drink and consumers goods companies

Accounting for revenue is changing

Now that International Accounting Standards Board and Financial Accounting Standards Board have published a new joint standard on revenue recognition, the real work for the food, drink and consumers goods (FDCG) companies is just beginning.


Director, Audit

KPMG in Greece


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The new standard will result in significant impact across the FDCG sector, requiring companies to assess how their financial reporting, information systems and processes will be affected, and engage with their stakeholders to build up expectations of how their key performance indicators or business practices may change.

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