FASB, IASB Work Out Guidance on Gross vs. Net

FASB and IASB have reached tentative decisions on how to address questions in the new revenue standard around when to report revenue on a gross versus net basis. While the boards are moving in different directions of how they will amend their respective guidance, FASB says the amendments to each ...

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.