Revenue Recognition - A New Direction
FASB and the International Accounting Standards Board (IASB) are developing a new, converged standard on revenue recognition that will have at least some effect on virtually all businesses that use U.S. GAAP or IFRS for their financial reporting. Learn more here from the Journal of Accountancy about best practices for implementation as well as the development of this important standard, which is scheduled to be released in the first quarter of 2014.
