Category: Revenue Recognition
Latest revenue recognition guidance: throw out the recipe box
It’s been more than a decade in the making, but the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are in the final throes of issuing a global revenue recognition stan…
See MoreFASB & IASB: a match made in heaven or a recipe for disaster?
The lofty goal: To develop a single set of high-quality, international accounting standards that companies worldwide would use for both domestic and cross-border financial reporting. Last month the FASB and IASB issued a …
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