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The new Revenue revenue recognition principle standard will eliminate the transaction- and industry-specific revenue recognition guidance under current U.S. GAAP and replace it with a principle-based approach for determining revenue recognition. This will affect every entity’s day-to-day accounting and, possibly, the way business is executed through contracts with customers. We've created a hub with all the resources you need to understand the changes. Check it out: http://vrl.ht/16D63