Revenue Recognition – Mastering the New FASB Requirements

R Rampulla (Autor)

Software / Digital Media

256 Seiten

2020
John Wiley & Sons Inc (Hersteller)
978-1-119-76394-9 (ISBN)

Infos

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

Produkt-Details

• Erscheint lt. Verlag: 23.8.2020
• Verlagsort: New York
• Sprache: englisch
• Maße: 150 x 250 mm
• Gewicht: 666 g
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• ISBN-10: 1-119-76394-0 / 1119763940
• ISBN-13: 978-1-119-76394-9 / 9781119763949
• Zustand: Neuware