New Revenue Recognition Standard Has Significant Implications for Tax Accounting and Return Preparation

FASB and the�IASB jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under U.S. GAAP and International Financial Reporting Standards.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/s_pCXCwB4uE/Tax_Clinic_11.aspx

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