Its quite a helpful video to those who need to prepare for the change in revenue recognition. I appreciated the fact that planning is essential. A lot of of processes may have to be recooked at by any company adopting this standard.

As a small company we have done our best to look at our processes and see how we are affected by this change.  

The video helped me to appreciate the need to prepare for the introduction of the standard. It really impressed on me that the implementation time is not far. Thus, I should start now to prepare.