Statement of Position (SOP) 97-2 provides guidance on applying GAAP in recognizing revenue from software and software-related transactions. The SOP provides instruction on recognition for licensing, ...

Like businesses in most industries, the new revenue recognition rules put forth by the Financial Accounting Standards Board (FASB) -- and effective as of Jan. 1, 2018 for public companies and Jan. 1, ...

NEW YORK (Reuters) - U.S. and international accounting rule makers proposed changes to revenue recognition standards that could clear up inconsistencies in the way that companies record sales from ...

Image: FASB will propose a one-year delay in the effective date of its new revenue recognition standard, while allowing adoption of the original effective date for companies ready to move forward.