United States

FASB Proposes One-Year Deferral of Revenue Standard

Apr 30, 2015
From the Financial Reporting View and the IFRS Institute

This edition of Defining Issues reports that the FASB has invited constituents to comment on a proposed Accounting Standards Update (ASU) that would defer for one year the revenue recognition standard’s effective date for all entities. The comment deadline is May 29, 2015. On April 28, 2015, the IASB also voted to propose a one-year deferral of its revenue recognition standard. The IASB’s exposure draft is expected to be issued in the next few weeks.

Read FASB Proposes One-Year Deferral of Revenue Standard