The Financial Accounting Standards Board, also known as FASB, issued an Accounting Standards Update 2014-09 regarding Revenue from Contracts with Customers. This amendment provided guidance on breakage recognition, which is the contractual rights of the customer which...
In November 2011, a joint initial exposure draft was published by the Financial Accounting Standards Board and the International Accounting Standards Boards on Revenue from Contracts with Customers to solicit public comment on the proposed new accounting standard with...
In June 2010, a joint initial exposure draft was published by the Financial Accounting Standards Board and the International Accounting Standards Boards on Revenue from Contracts with Customers to solicit public comment on the proposed new accounting standard with...
In December 2008, the Financial Accounting Standards Board, also known as FASB, issued a Discussion Paper on the Preliminary Views on Revenue Recognition for public comment as a step preceding the development of an Exposure Draft of a proposed Statement of Financial...
Financial Accounting Standard No. 125 was issued by the Financial Accounting Standards Board to address the Extinguishment of Liabilities. This statement was effective for extinguishment of liabilities occurring after March 31, 2001 and was to be applied...
