United States

FASB Proposal Would Clarify Scope and Application of Revenue Topic

May 18, 2016
From the Financial Reporting View

This edition of Defining Issues reports that the FASB proposed technical corrections and improvements to its revenue topic, and also proposed amendments to other Codification topics to address unintended consequences from applying the revenue topic. Many of the proposed changes address questions raised by the FASB / IASB Joint Transition Resource Group for Revenue Recognition. Comments are due July 2, 2016.

Read FASB Proposal Would Clarify Scope and Application of Revenue Topic