MBAF's Robert Dyson's discusses New Revenue Recognition Guidance and Case Studies in The CPA Journal

Morrison, Brown, Argiz and Farra (MBAF) CPAs and Advisors

For many years, FASB and the IASB sought to overhaul the guidance on revenue recognition, replacing industry-specific conventions with a common, universal approach focusing on contractual arrangements. The result, Accounting Standards Update 2014-09, focuses on the satisfaction of contractual obligations in order for revenue to be recognized.