Accounting Research Manager
The accounting updates below are provided courtesy of Accounting Research Manager, a subscription service that provides a timely and comprehensive online database of analytical accounting, auditing and SEC information as well as authoritative literature. KnowledgeLeader members are eligible to receive a 15% discount if they would like to subscribe to Accounting Research Manager. Experience the full database by requesting your free trial.
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ACCOUNTING AND SEC HEADLINES
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Revenue Recognition – FASB Discusses Post Implementation Review of Topic 606
As reported in its “Summary of Decisions” publication, the FASB met on October 2, 2024, and discussed the post-implementation review (PIR) activities completed on Topic 606 and the status of the Revenue PIR process. The FASB continued redeliberations on the proposed Accounting Standards Update, Financial Instruments—Credit Losses (Topic 326): Purchased Financial Assets.
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