July 17, 2017

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This standard eliminates the transaction- and industry-specific revenue recognition guidance under the current GAAP and replaces it with a principle-based approach for determining revenue recognition. The FASB has subsequently issued multiple ASUs that modify or add to the original standard.

July 29, 2015

This year, the Financial Accounting Standards Board issued 10 updates to the Accounting Standards Codification. We explain three of the most significant updates that may affect your business.

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