The New Revenue Recognition Standard

The New Revenue Recognition Standard

The FASB and IASB’s converged standard on revenue recognition is a historic change that establishes a global model for virtually all industries in U.S. GAAP, including those that previously followed industry-specific guidance. Even though effective dates for the standard are not until 2017, the work toward proper implementation needs to begin now. As such, gaining an understanding of when you will be impacted is critically important, as is having an understanding of the core concepts.

Download our whitepaper, The New Revenue Recognition Standard, which outlines the new, five-step revenue recognition model in detail.

Download Now

 

Related posts
Rev Rec and Leases Standards Delayed

Leasing and Revenue Recognition Standards Delayed for Some Private Companies

The FASB has formally approved a one-year deferral of the effective date of ASC 842, Leases, for…

Read More
Lease Accounting Standard Delayed

FASB Votes to Defer the Effective Date of ASC 842

This week, FASB voted in favor of a one-year deferral of the effective date of…

Read More