- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
FASB has issued final amendments to the revenue recognition standard to clarify such aspects as how to assess certain collectibility criteria, how to present sales tax collected from customers, how to reflect non-cash consideration, and more. Tammy Whitehouse reports.
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Maybe it’s a collective sense of grieving that is keeping so many companies on the sidelines as big accounting change looms over revenue recognition. Tammy Whitehouse reports.
As summer slips away, it appears many companies used the time wisely to make some progress in adopting the new revenue recognition accounting standard. Tammy Whitehouse has more.
New revenue recognition standards will come into force within 18 months, but accounting leaders everywhere don’t seem to be in a hurry to undertake the huge amount of work it will take to get ready. Tammy Whitehouse reports from the Compliance Week 2016 conference.
