FASB Emerging Issues Task Force (EITF) Issue - Revenue Recognition for a Single Unit of Accounting
Wednesday, January 28, 2009
The Financial Reporting Committee ("FRC") of the Institute of Management Accountants ("IMA") is writing to provide its views on the Draft Abstract of EITF Issue No. 08-1, Revenue Recognition for a Single Unit of Accounting. The FRC is comprised of representatives from preparers of financial statements of the largest companies in the world, the largest accounting firms in the world, valuation experts, accounting consultants as well as academics. The FRC reviews and responds to research studies, statements, pronouncements, pending legislation, proposals, and other documents issued by domestic and international agencies and organizations.