Golden’s Goals, Revenue Recognition on Time, Three Updates to Leasing

FASB Chairman Russell Golden sat down with Bloomberg Tax at the AICPA’s National Conference on Current SEC & PCAOB Developments. He gave us an insight into some of the goals of FASB in 2018, which include helping companies get through the new accounting standards, while beginning new projects on distinguishing liabilities from equity, and improving segment reporting. Additionally, Golden gives us a glimpse at what goes into making changes to accounting standards before touching on revenue recognition, leasing, and taxes.