Product details

Share this page:
Published by:
Stanford Business School (2018)
Version:
1 June 2018
Revision date:
15-Mar-2019
Length:
19 pages
Data source:
Published sources

Abstract

In July 2017, software and device giant Microsoft [NasdaqGS: MSFT] adopted a new accounting standard that market observers described as one of 'the most historic accounting changes to hit the US capital markets in decades.' Twelve years in the making, the Financial Accounting Standards Board's (FASB) 2014-09 Revenue from Contracts with Customers (Topic 606) laid out new rules for making revenue recognition consistent across industries, both in the U.S. and internationally through its International Financial Reporting Standards (IFRS) equivalent, IFRS 15.

Topics

Accounting standards; Accounting; Financial accounting; Financial statements; Accounting guidelines; International financial reporting standards

Setting

The events covered by this item took place in 2018.

Access this item

casecent.re/p/160443
View our pricing guide
or to see prices.

Reviews & usage