With the FASB issuing its latest Accounting Standards Update (ASU) on revenue recognition, the standard (Topic 606) can be regarded as virtually final. A successful implementation takes time and resources, and therefore action can no longer be delayed.
Our second edition of Revenue: Issues In-Depth brings you the latest standard-setting, as well as more of our insights and more extensive examples.
In Illustrative Disclosures – Revenue we show how one fictitious company has navigated the complexities of the revenue disclosure requirements.
Defining Issues: FASB Finalizes Narrow-Scope Improvements for Revenue Standard discusses the FASB’s latest ASU, which also is incorporated within the Issues In-Depth.