FASB Exposure Draft of Proposed Accounting Standards Update Revenue from Contracts with Customers Principal versus Agent Considerations

Monday, November 9, 2015

The Financial Reporting Committee (FRC) of IMA (Institute of Management Accountant) submitted a letter to provide feedback to the Financial Accounting Standards Board (FASB) for their proposed accounting standards update related to the new Revenue Recognition standard – principal versus agent considerations (reporting revenue gross versus net).
Read The Letter