On November 14, 2011, the Financial Accounting Standards Board (FASB) issued its highly anticipated Revised Exposure Draft, Revenue from Contracts with Customers. The issuance of this Revised Exposure Draft follows approximately 16 months of evaluation and input received following the issuance of the similarly titled Original Exposure Draft.
Guidance contained in the original Exposure Draft would have substantially and adversely impacted the construction industry. This webinar will focus on key modifications made within the revised Exposure Draft to address the input received from CFMA and other members of the construction industry. As well, there will still be certain key differences between the current guidance in effect today contained in ASC 605-35 (formerly known as SOP 81-1) and the guidance in revised Exposure Draft; we will explore and highlight these differences.
Reserve your seat now for this 60-minute Webinar on the FASB Revenue Recognition Re-Exposure Draft and get your questions answered by leading members of the construction industry who are experts on the subject of revenue recognition.
This archive session is FREE for CFMA Members and others who attended this session on December 21, 2011. CFMA Members please use your CFMA log on credentials to log onto Prolibraries and register for a webinar. If you are NOT a CFMA member, please create a New User Account.