Proposed Changes To Revenue Recognition Accounting
Source: Grant Thornton
Technology companies are at the forefront of delivering innovative solutions to their customers and are at the leading edge of new technologies, products and services. Increasingly, these technology products blur the line between hardware and software. With the proliferation of open source, it has become more difficult to determine exactly what the customer has purchased - hardware or a software tool. One need look no further than a smartphone to understand how blurry this line has become.