Updating the Rules of Revenue Recognition

Construction Business Owner

After years of work, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued ASU 2014-09, the Revised Revenue Recognition Model.

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5 Steps to Remain Successful & Compliant in 2017

Construction Business Owner

After years of work, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued ASU 2014-09, the Revised Revenue Recognition Model.

IASB 12

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Changes on the Way for Engineering and Construction Entities’ Revenue Recognition Practices

Green Building Insider

Engineering and construction (E&C) entities may need to change some of their revenue recognition practices as a result of new guidance that the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have unveiled, according to an analysis that Ernst & Young LLP released last month.

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Is My Rental Contract a “Lease”? Update on the FASB/IASB Exposure Draft on Leases

Construction Accounting Blog

Filed under: Accounting Standards Updates , Exposure Drafts Tagged: A/E/C , construction , Exposure Draft , FASB , IASB , Lease Accounting , Leases , Specified asset. Accounting Standards Updates Exposure Drafts A/E/C construction Exposure Draft FASB IASB Lease Accounting Leases Specified assetA/E/C firms enter into many contracts which allow them to use a physical asset in their operations.