News&trends.

• Author: Goldman, Russell
• Position: Quotation

"The revenue recognition standard represents a milestone in our efforts to improve and converge one of the most important areas of financial reporting. It will eliminate a major source of inconsistency in GAAP, which currently consists of numerous disparate, industry-specific pieces of revenue recognition guidance. The issuance of this standard is a major first step, but it is not the end of the process. Through the...