DZH Phillips Blog Revenue Recognition for Construction Clients - A Blueprint

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. The model is intended to harmonize what had been a collection of over 200 specialized revenue recognition systems under US GAAP, and provide a more principle-based framework for business [...]The post Revenue Recognition for Construction Clients - A Blueprint appeared first on DZH Phillips - San Francisco Accounting Firm.