Revenue Recognition for Retail and Distribution Companies

New accounting standards adopted by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) require changes in revenue recognition for retail and distribution companies. Previously, we covered the five steps for revenue recognition that every company must now take. If you are a company operating in a retail and/or distribution capacity,…

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Revenue Recognition and Commercial Property Managers

The upcoming changes in the Financial Accounting Standards Board (FASB) revenue recognition standards require new accounting methods by lessors and property managers, who manage properties that are under long-term leases (longer than twelve months). In a previous post, Revenue Recognition for Property Management Professionals we gave a broad overview. In this post, we go into…

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