United States

FASB Redeliberates Revenue Guidance on Licensing and Performance Obligations

Oct 06, 2015
From the Financial Reporting View

This edition of Defining Issues reports that on October 5, 2015, the FASB redeliberated and, in general, tentatively decided to adopt its proposed revenue guidance on accounting for licenses of intellectual property and identifying performance obligations. The redeliberations were held in response to comment letters on the FASB’s proposed Accounting Standards Update and its staff’s outreach efforts.

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