Skip to content
Softrax

Resources

Article

Synopsis of FASB & IASB Preliminary Views on Revenue Recognition

After more than six years of deliberation, the Financial Accounting Standards Board and the International Accounting Standards Board have published their preliminary views on a new model for revenue recognition. The proposal outlines fundamental changes that will radically reshape the practice of revenue accounting at many organizations. This article offers a brief synopsis of the major points.

Fill Out Form to Download Article