Accountancy Features accounting and finance-related resources including articles, news, reference library, discussion boards, events, newsletters, weekly polls. For both professionals and students. 
KARACHI (June 24, 2014) – The International Accounting Standards Board (IASB), which develops global accounting standards for accounting standards, and the Financial Accounting Standards Board (FASB), the body responsible for developing accounting policies in USA, in May 2014 issued the long-awaited converged standard for revenue recognition from customer contracts. The new standard hinges on the principle that companies depict the ...
Read More »IASB and FASB issue converged standard on recognition of revenue from customer contracts
