United States

FASB Reaffirms Amendments to Revenue Standard; Discusses Potential Disclosure Relief

Feb 12, 2016
From the Financial Reporting View

This edition of Defining Issues reports that on February 10, the FASB reaffirmed proposed narrow-scope improvements and practical expedient amendments to the new revenue standard to make it more operational without changing its underlying principles. The FASB also discussed a proposal to expand disclosure relief under the standard.

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