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Proposed Changes Will Clarify New Revenue Recognition Guidance

The Financial Accounting Standards Board (FASB) recently proposed amendments to ASU 2014-09 Revenue from Contracts with Customers (Topic 606) that would clarify how to identify performance obligations and account for licenses for intellectual property in the new standard.

New MHM Biz Tips Video: How to Adopt the New Revenue Recognition Standard

MHM Shareholder Brad Hale explains how you should approach the inevitable adoption of this standard and suggests ways that you can use this opportunity to prepare for the future.

FASB Releases Exposure Draft Delaying Revenue Recognition

Stakeholders can weigh in on whether the Financial Accounting Standards Board (FASB) should delay the changes to revenue recognition. 

Proposed Delay for Revenue Recognition Implementation

On April 1 the Financial Accounting Standards Board (FASB) proposed pushing back the effective date of the new revenue recognition standard by one year. 

Revenue Recognition Serial - Part 4: Step 3 - Determine the Transaction Price

The third step in the new revenue recognition guidance represents the half way point within the five step model to determining when, and how much revenue to recognize.

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