FASB Proposes More Changes to Revenue Standard

By Tammy Whitehouse2015-09-30T13:45:00

FASB is asking for feedback by Nov. 16 on its planned fixes to the revenue recognition standard to address implementation challenges around collectibility, taxes, non-cash consideration, contract modifications, and other technical issues. The board says its proposed amendments should reduce the degree of judgment necessary to apply the new revenue ...

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FASB Proposes More Changes to Revenue Standard

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Revenue recognition: full retrospective, modified retrospective, or somewhere in-between

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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”