The amendments in ASU 2016-20 make technical corrections and improvements to FASB Accounting Standards Codification (FASB ASC) 606 and other FASB ASC topics amended by ASU 2014-09, Revenue from Contracts with Customers, (i.e., the new revenue recognition standard) related to 13 issues. While the amendments affect narrow aspects of the guidance issued in ASU 2014-09 and do not change any of the principles of the new revenue recognition standard, the amendments reflect implementation challenges certain entities are facing with
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ASU 2016-20: FASB ASC 606 - technical corrections & improvements
Jan 18, 2017 · 141.1 KB Download
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