Press Room

July 29, 2010

FASB Changes Revenue Recognition Rules

New guidance was issued that will change the methodology and timing for recognizing revenue under multi-element products. Will your Company Need to File for a Tax Accounting Method Change?

These newly adopted accounting policies may also impact a company’s tax accounting methods. This article provides a summary of the changes in the book guidance for revenue recognition and also provides some insights into the impact of these changes from a tax perspective.

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