Also categorized in Revenue Recognition:
Demands Increase on Financial Service Internal Auditors
x hide permanently

Preparing for FASB changes to revenue recognition and lease accounting | Accounting Today

Accounting Today

Companies should begin to plan now how to incorporate the new standards and update procedures for the Financial Accounting Standards Board’s accounting updates on two significant topics: revenue recognition and lease accounting. In 2014, FASB and the International Accounting Standards Board issued a converged standard for revenue recognition to increase comparability across industries.