In 2014, the FASB and the IASB jointly issue the Accounting Standard Update (ASU) No. 2014-09. The new revenue recognition standard was issued to replace virtually all revenue recognition guidance found in U.S. GAAP and IFRS, including the existing guidance found in Topic 605, Revenue Recognition. This course reviews the provisions of this standard as well as highlighting the changes to the guidance.
Course prerequisite:General accounting
Course level: Overview
Field of Study: Accounting
Course format: Downloadable Text
Recommended CPE Credit: 5 hours