Dennis Howell, Senior Consultation Partner, National Office Accounting Services Group, Deloitte & Touche LLP

Dennis Howell, Senior Consultation Partner, National Office Accounting Services Group, Deloitte & Touche LLP, discusses how the new rule is particularly hard to apply to revenue recognition from the sale of intellectual property. Many companies will keep using leasing arrangements that will remain the same as before—leases  do not require estimating uncertain royalties over the 10-15 year life of  a product, such as a new drug.
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