FASB Delays – Dennis Gardiner, Managing Partner, CPA
Delayed…..again. On May 20, 2020, the FASB decided to extend the effective date of Topics 606, Revenue from Contracts with Customers (Revenue Recognition), and 842, Leases, for certain entities and has directed the staff to draft a final Accounting Standards Update (ASU) for vote. Revenue RecognitionFASB decided to amend the effective date of Revenue Recognition...
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