Revenue Recognition
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
| Autor: | Rampulla, Renee |
|---|---|
| EAN: | 9781119763789 |
| Sprache: | Englisch Deutsch |
| Seitenzahl: | 256 |
| Produktart: | kartoniert, broschiert |
| Verlag: | Wiley Wiley & Sons |
| Untertitel: | Mastering the New FASB Requirements |
| Schlagworte: | Controlling Rechnungswesen Accounting Corporate/Managerial Accounting Intermediate Accounting Rechnungswesen / Vordiplom |
| Größe: | 18 × 218 × 283 |
| Gewicht: | 948 g |
