Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606)¶
Financial Accounting Standards Board. (2014). Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606).
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Frame Change
- Every pre-cutover series in the company's own systems now requires translation before it can be read, which is the backwards obligation that the formal case hides by having a costless inverse.
This sourceReplaces the recognition basis with a five-step model recognising revenue as performance obligations are satisfied, sets effective dates, and permits either full-retrospective restatement of comparatives or a modified-retrospective cumulative-effect transition.
- Every pre-cutover series in the company's own systems now requires translation before it can be read, which is the backwards obligation that the formal case hides by having a costless inverse.
Verification¶
This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.
Registry ID ref:67e6bc1053e6 · see in the full table