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New Revenue Recognition guidance has finally been issued! This publication addresses key provisions of the new standard and how it may impact current practices in your company. By breaking down the new guidance in five essential steps, you will have a solid understanding of changes that will come your way as a result of the issuance of FASB ASU No. 2014-09.
This alert will help you understand criteria for recognizing revenue and related costs, as well as new disclosure requirements. It covers key concepts of the new standard, provides a comparison to existing FASB rules, and maps to the current standards to allow for an effective transition once the new rules become effective.
For more information, visit www.cpa2biz.com/revrec