Revenue Recognition - Mastering the New FASB Requirements (Paperback)

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. Today, there is FASB ASC 606, a new standard which is critical to understand before it can be successfully implemented. Supported by practical examples, industry specific real-life scenarios, and more than a dozen exercises, this work will assist you in avoiding revenue recognition traps and provide you with the latest FASB guidance. You will gain an in-depth understanding of the revenue recognition framework that is built around the core principles of this new five-step process. In addition, you will gain a better understanding of the changes in disclosure requirements. Key topics covered include: Background, purpose, and main provisions of new standard (FASB ASC 606) Transition guidance Five-step process for recognizing revenue Disclosure requirements Implementation guidance -- contracts, tax matters, internal controls, IT

General

Imprint:	John Wiley & Sons
Country of origin:	United States
Release date:	October 2020
First published:	2019
Authors:	R Rampulla
Dimensions:	283 x 218 x 19mm (L x W x T)
Format:	Paperback
Pages:	256
ISBN-13:	978-1-119-76378-9
Categories:	Books > Business & Economics > Finance & accounting > Accounting > General Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General
LSN:	1-119-76378-9
Barcode:	9781119763789

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