The revenue recognition standard (ASU 2014-09) is the most important accounting standard in many years. The principles-based standard relies on judgment in a substantial number of areas in which accountants will need to be fluent well before its effective date. This session focuses on the implementation of the new revenue recognition standard in the real estate industry. Specific examples of potential effects on entities will be covered. In addition, recent changes and proposed changes to the standard will be addressed.
Director - Audit & Accounting Technical Services,
Association of International Certified Professional Accountants
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