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The Financial Accounting Standards Board has voted to propose to defer the effective date of the new revenue recognition standard by one year after hearing feedback from constituents. FASB met ...
FASB has instructed its Emerging Issues Task Force (EITF) to consider how to account for liabilities associated with certain prepaid cards. The EITF will discuss whether and when an entity should ...
The Financial Accounting Standards Board (FASB), which sets U.S. GAAP standards, has clarified key language around its new revenue-recognition guidelines. Until a November 29 meeting, there were ...
Maybe it’s a collective sense of grieving that is keeping so many companies on the sidelines as finance professionals brace for one of the biggest accounting process changes ever seen in modern ...
NORWALK, Conn.--(BUSINESS WIRE)--The International Accounting Standards Board (IASB) and the US-based Financial Accounting Standards Board (FASB) agreed today to re-expose their revised proposals for ...
The deadline is approaching next year for public companies to begin using the new revenue recognition standard, and many not-for-profits may find themselves confronting the new standard a lot sooner ...
With 18 months remaining until all companies are required to report revenue following hundreds of pages of new accounting guidance, accounting leaders are a little stumped on why companies aren’t ...
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
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