The accounting standard – EITF 00-21 – which affects revenue recognition, will be applied retroactively to EDS financials from 1 January 2003.
The company has also released adjusted historical earnings and revenue data in order to provide comparative data ahead of tomorrow?s third quarter results.
EITF 00-21 was finalised by the Emerging Issues Task Force in May this year and is intended to tackle billing and cost issues over long term contracts such as those in the IT services sector.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel