Revenue recognition and technology multinationals: just why has it taken almost ten years to produce a joint recognition statement between US GAAP and IFRS? And what might be the impact of the recently published exposure draft? accountancy Ireland invited Richard Howard and John Kehoe to explain what's going on.(FINANCIAL REPORTING)
Feb 01, 2012; The concept of a joint revenue recognition standard between US GAAP and IFRS was first raised in 2002 but was only put in writing...