CONTACT THE BUSINESS LEARNING INSTITUTE
Name*
Email Address*
Phone Number:
Message:
Please enter the following text in the box below:
captcha
ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:

History & Implications

FASB and IASB issued their long-awaited converged standard on revenue recognition. Those closely following the project know there are potentially significant changes coming for certain industries, and some level of change for almost all entities. Below are some of the areas that could create the most significant challenges for entities as they transition to the new standard.

  • Changes in the timing of revenue recognition
  • Inclusion of variable consideration in the transaction price prior to resolution of contingencies
  • Allocation of transaction price based on standalone selling price
  • Determination of timing of revenue recognition for licenses of intellectual property
  • Consideration of time value of money
  • Capitalization of contract costs
  • Enhanced and additional disclosure requirements
SUMMARY ARTICLE

summary-article

JANUARY COVER STORY OF THE STATEMENT MAGAZINE

Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
SUBSCRIBE TO THE BLI BLOG