FASB affirms revenue recognition clarifications

FASB affirmed narrow-scope changes and practical expedients to its revenue recognition standard this week on issues including collectibility, contract modifications, and completed contracts at transition. – See more at: http://www.journalofaccountancy.com/news/2016/feb/fasb-affirms-revenue-recognition-changes-201613881.html#sthash.uQeKP0dA.dpuf

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