15 June 2011: Revenue Recognition ED to be re-exposed

This item was filled under Accounting

The IASB and FASB have decided to re-expose the Revenue Recognition ED.
Although both Boards agreed that according to the criteria for the consultation process a
re-exposure is not necessary, they supported a re-exposure since (a) a large number of
changes were made and (b) revenues are the top line in the comprehensive income statement
and everything else evolves from there.

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