ASU 2014-09 (Accounting Standards Update for Revenue Recognition)

This video summarizes the 5 steps to recognizing revenue under ASU 2014-09.  An example is presented to show how revenue would be recognized in an actual setting.  The video also discusses how ASU 2014-09 changes the practice of recognizing revenue, particularly for firms that used to rely on the percentage-of-completion method for revenue recognition.

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• #asu_2014_09
• #accounting_standards_update
• #revenue_recognition
• #financial_accounting
• #accounting