May 09, 2016
From the Financial Reporting View
With the FASB issuing its latest Accounting Standards Update (ASU) on revenue recognition, the standard (Topic 606) can be regarded as virtually final. A successful implementation takes time and resources, and therefore action can no longer be delayed.
Defining Issues: FASB Finalizes Narrow-Scope Improvements for Revenue Standard discusses the FASB’s latest ASU, which also is incorporated within the Issues In-Depth.
Our second edition of Revenue: Issues In-Depth brings you the latest standard-setting, as well as more of our insights and more extensive examples.
In Illustrative Disclosures – Revenue we show how one fictitious company has navigated the complexities of the revenue disclosure requirements.