Heads Up: Revenue Recognition: No Longer an Issue of Separation Anxiety
Volume 16, Issue 34
The attached issue of Heads Up discusses the EITF’s recently finalized Issue 08-1, which will significantly change the accounting for revenue recognition for arrangements with multiple deliverables. Issue 08-1 will enable entities to separately account for individual deliverables for many more revenue arrangements. By removing the criterion that entities must use objective and reliable evidence of fair value in separately accounting for deliverables, the EITF expects the recognition of revenue to more closely align with the economics of certain revenue arrangements.
Read more in the file attached below or visit the Heads Up Archive for past issues.
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