Revenue from Contracts with Customers
About This Chapter
The Financial Accounting Standards Board (FASB) in conjunction with the International Accounting Standards Board (IASB) have been diligently working on a major revision to accounting guidance for revenue recognition for over 5 years. The result of their efforts has been the issuance of an exposure draft and a reexposure draft that was issued based on practitioner comments on their dissatisfaction to the original exposure draft. The FASB and the IASB continue to deliberate with a final standard expected in the first quarter of 2013.
Given the critical importance of revenue recognition for companies and the relative certainty that a new standard will be issued next year, this chapter ...
Get Revenue Recognition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
