United States

FASB Finalizes Amendments to Principal-Agent Guidance in New Revenue Standard

Mar 17, 2016
From the Financial Reporting View

This edition of Defining Issues reports that the FASB recently issued an Accounting Standards Update (ASU) that amends the principal versus agent guidance in the new revenue standard. The ASU clarifies that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer.

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