The Accounting Policy & Practice Report ® provides financial accounting policy makers, advisors, and practitioners with the latest news, expert insights, and guidance on emerging, evolving,...
By Annette Smith, Christine Turgeon, George Manousos, Jennifer Kennedy, Dennis Tingey, and Ross Margelefsky, all of PricewaterhouseCoopers LLP.: The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) on May 28 published their long-awaited joint revenue recognition standard titled “Revenue from Contracts with Customers” (Topic 606 and IFRS 15).
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