Special Edition | Implementation of the new FASB revenue standard: The final countdown
July 13 | 12 p.m. ET | 16:00 GMT
Host: Eric Knachel, partner, Deloitte & Touche LLP
1.5 Overview CPE credits | Accounting
Effective dates for the new Financial Accounting Standards Board (FASB) revenue recognition standard are fast-approaching, and the transition continues to be a hot topic. What implementation issues are companies still grappling with? We’ll discuss:
- Finding the balance between a principles-based and judgement-based standard and the objective of consistency and comparability.
- Incorporating internal control and fraud risk considerations into implementation efforts.
- Providing effective disclosures describing adoption efforts and preparing for new disclosure requirements.
Participants will hear perspectives on these issues and other frequently asked questions about the implementation process based on discussions with the FASB, the SEC, and the preparer community.