New Revenue Recognition Adjusting Entries | Financial Accounting Course | CPA Exam FAR ch 5 p2

Описание к видео New Revenue Recognition Adjusting Entries | Financial Accounting Course | CPA Exam FAR ch 5 p2

In this video, I discuss adjusting entries for new revenue recognition. The FASB announced the new revenue recognition rule in 2014 as part of an effort to standardize accounting treatments. The new revenue recognition standard eliminates the transaction- and industry-specific new revenue recognition guidance under current GAAP

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