Proposed Change to Revenue Recognition Standards

| Audit and Accounting

By  Mike Alerding     Recently, we heard about the proposed changes to accounting for leases. These changes would have widespread effects on many company’s financial statements and how those financial statements are interpreted by banks. Another potential change could have similar effects. The International Accounting Standards Board (IASB) and the Financial Accounting Standard Board (FASB) have released a joint exposure draft on revenue recognition, particularly revenues relating to contracts Read more [...]