Everything you need to understand and implement the new converged
FASB-IASB revenue recognition standard Wiley Revenue Recognition
provides an overview of the new revenue recognition standard and
instructs financial statement preparers step-by-step through the
new model, providing numerous, helpful application examples along
the way. Readers will grasp the many new disclosures that will be
required through the use of detailed explanations and useful
samples, while electronic tools will be available to aid the
preparer in implementing the standards and making the proper
disclosures. The Financial Accounting Standards Board (FASB) and
the International Accounting Standards Board (IASB) are in the
final stages of a decade-long project to clarify and converge
revenue recognition standards. This new principles-based standard
which will affect the business practices of virtually every company
worldwide is designed to serve as one model applied consistently
across most industries. This book guides professionals through the
new standard. * Offers a full explanation of over forty topics
superseded by the new standard * Includes digital ancillaries
featuring measurement tools and GAAP and IFRS Disclosure Checklists
* Provides all the tools needed to implement the new revenue
recognition standard * Covers how the structure of contracts will
be affected Wiley Revenue Recognition is a trusted, authoritative
guide to the new FASB-IASB revenue recognition standard for CPAs
and financial professionals worldwide.
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