Since the issuance of the joint FASB/IASB revenue standard, a number of implementation issues were discussed by the Revenue Recognition Transition Resource Group, a joint working group established by the boards. Some of these discussions led to the boards making amendments to its standard, its related implementation guidance, and basis for conclusions. We have periodically updated the Revenue from contracts with customers, global edition guide to reflect these developments. This latest edition includes our additional insights on applying the new standard.
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What can be learned from SEC staff comment letters to early adopters of the new revenue standard?
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