United States

FASB Proposes Clarifications to License and Performance Obligation Guidance for Revenue

May 19, 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 intended to clarify the guidance on accounting for licenses of intellectual property and identifying performance obligations. The comment deadline is June 30, 2015. FASB to Propose One-Year Deferral of Revenue Standard.

Read FASB Proposes Clarifications to License and Performance Obligation Guidance for Revenue