FASB and IASB Reach Tentative Decisions on Certain Aspects of the Joint Revenue Recognition Project
Published on:
18 Dec 2009
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On December 16, 2009, the FASB and IASB met to continue deliberations on the joint revenue recognition project. The boards reached tentative decisions on the following areas:
- Warranties and product liability
- Rights of return
- Estimates of uncertain consideration
The tentative decisions are summarized on the December 16, 2009, FASB/IASB Joint Meeting Action Alert on the FASB’s website. For more information, see the joint IASB-FASB project summary on the FASB’s website.
