Abstract digital landscape or soundwaves
Resources

ASU 2016-10: Identifying performance obligations and licensing

Jun 22, 2016 · 164.8 KB Download

AICPA MEMBER

ACCESS

Resource

available

ASU 2016-10 is an attempt by the FASB to clarify and improve the new revenue recognition standard (ASU 2014-09, Revenue from Contacts with Customers, or FASB Accounting Standards Codification [FASB ASC] 606), by addressing some issues that arose among stakeholders implementing the guidance. The amendments in the ASU do not change the core principle of the guidance in FASB ASC 606. Rather, the amendments clarify the following two aspects of FASB ASC 606:

  • Identifying performance obligations

  • Licensing implementation guidance

Below,

Download the CPEA report: ASU 2016-10: Identifying performance obligations and licensing

File name: CPEA Report - ASU 2016-10 - Identifying performance obligations and licensing

Reserved for AICPA® & CIMA® Members

Already a member of the AICPA or CIMA?

Log in with your account
 
Forgotten email
Forgotten password

Not a member of the AICPA or CIMA?

To gain access to exclusive content, your first step is to join the AICPA or CIMA.

Mentioned in this article

Topics

Accounting & Financial Reporting
Firm Practice Management

Subtopics

Center for Plain English Accounting
Revenue Recognition
Manage preferences

Related content

    This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants.

    About|Terms & Conditions|Accessibility|Privacy Policy|Contact|Help|Site Map

    CA Do Not Sell or Share My Personal Information

    }