FASB/IASB Discussion Paper: Revenue Recognition in Contracts with Customers
Friday, June 19, 2009
The Financial Reporting Committee o f the Institute o f Management Accountants ("The FRC") is writing to provide its views on key issues raised by the Discussion Paper - Preliminary Views on Revenue Recognition in Contracts with Customers ("the DP"). In addition to t he issues addressed in the cover letter, we have provided more detailed information regarding our concerns in Appendix A to this letter. FRC is the financial reporting technical committee of the IMA. The Committee reviews and responds to research studies, statements, pronouncements, pending legislation, proposals and other documents issued by domestic and international agencies and organizations.