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Comment deadline for Revenue ED

When 13 Mar 2012
from to
Timezone UTC
Where London
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The IASB and FASB published for comment Exposure Draft: Revenue from Contracts with Customers on 14 November 2011, a revised draft standard that converges the revenue recognition standard for IFRSs and US GAAP.

The goals of the exposure draft are to (1) improve financial reporting by creating a single revenue recognition standard, (2) clarify the principles for recognising revenue, and (3) create consistent principles that can be applied across various transactions, industries and capital markets.

Comment letters on the revised exposure draft are due by 13 March 2012.

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