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Setting Revenue Recognition Standards

Global accounting standard setters are moving closer to crafting one set of comprehensive guidelines for how and when companies should report revenue.

> > The basic guide of the FASB and the IASB for recognizing revenue will start with the fair value of an asset or a liability. Proposals being discussed between the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) would be one of the most sweeping accounting changes ever.
Source: CFO


Published:2004-05-17
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