United States

FASB Proposes Amendments to Principal-Agent Guidance in Revenue Standard

Sep 04, 2015
From the Financial Reporting View and the IFRS Institute

This edition of Defining Issues reports that the FASB invited constituents to comment on a proposed Accounting Standards Update intended to clarify how the principal versus agent guidance in the new revenue standard should be applied to determine whether revenue should be presented gross (as a principal) or net (as an agent). The comment deadline is October 15, 2015.

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