Revenue Recognition: The Way Forward for Public Companies

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have jointly issued guidance on recognizing revenue in contracts with customers. The new standards will affect almost all entities. 

Bloomberg Tax is following the new revenue recognition pronouncements closely. Our correspondents cover FASB, IASB and the AICPA, and provide valuable insights on the boards’ decisions.

This report highlights a few of the revenue recognition related articles from Bloomberg Tax's Accounting Policy & Practice Report.