Detail A New System for Recognizing Revenue   Oleh:  Lamoreaux, Matthew G. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 213 no. 1 (Jan. 2012), page 30-35. Topik: Revisions; Proposals; Revenue Recognition; Accounting Standards Updates Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.32 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel FASB and the International Accounting Standards Board in November released a revised proposal that would create a single revenue recognition standard for both US GAAP and IFRS. The revisions in Proposed Accounting Standards Update (Revised), Revenue Recognition (Topic 605) -- Revenue from Contracts with Customers; Revision of Exposure Draft Issued June 24, 2010, appear to address many of the concerns raised in a December 2010 comment letter by the AICPA's Financial Reporting Executive Committee that also urged the boards to re-expose and re-deliberate on the proposals. The proposed model would be applied to all contracts to provide goods or services to customers except leases, insurance contracts and financial instruments. Companies would apply the model using the following five-step process: 1. Identify the contract with a customer. 2. Identify the separate performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the separate performance obligations in the contract. 5. Recognize revenue when (or as) the business satisfies a performance obligation. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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