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Revenue from Contracts with Customers: Unexploded Ordinances in WPs - Part I

Nov 20, 2024 · 239.3 KB Download

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Ten years ago, Accounting Standards Update (ASU) 2014-09, Revenue From Contracts With Customers,created FASB Accounting Standards Codification (FASB ASC) 606, of the same title, which harmonized a patchwork of industry-based revenue guidance and substantially was converged with International Financial Reporting Standards (IFRS) 15, with the same title. At an October 2, 2024, FASB meeting regarding the post-implementation review (PIR) of FASB ASC 606, the FASB staff concluded that, “overall the benefits of Topic 606 justify its implementation and ongoing compliance

Download the CPEA Report - November 2024 - Revenue from Contracts with Customers Unexploded Ordinances in Workpapers - Part I

File name: CPEA-Report-November-2024-Revenue-from-Contracts-with-Customers-Unexploded-Ordinances-in-Workpapers-Part-I.pdf

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