FASB proposed revenue recognition and the impact upon United States corporate financial statements

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Publication Type honors thesis
School or College School of Accounting
Department Accounting
Faculty Mentor David Plumlee
Creator Howard, Connor
Title FASB proposed revenue recognition and the impact upon United States corporate financial statements
Year graduated 2015
Date 2015-05
Description The objective of this paper is to better understand how proposed revenue recognition principles by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) will impact financial reporting in the United States. This thesis focuses on current revenue recognition principles, both in the United States and internationally. Furthermore, the convergence effort between the United States Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS) will be a significant influence upon the final revenue recognition rules. Additionally, an examination of the new revenue recognition rules will allow the reader to compare and contrast current and proposed rules. Finally, the implementation of new revenue recognition standards will have meaningful implications for both historical and future reporting. This research should be of interest to business men and women familiar with financial reporting in the United States. At the end of this paper, the reader will have a better understanding of the new revenue recognition principles and the effect it will have upon financial reporting in the United States.
Type Text
Publisher University of Utah
Subject Financial Accounting Standards Board Financial statements -- United States Corporations -- United States Corporations -- Finance
Language eng
Rights Management Copyright © Connor Howard 2015
Format Medium application/pdf
Format Extent 314,164 bytes
Identifier etd3/id/3604
Permissions Reference URL https://collections.lib.utah.edu/details?id=1273591
ARK ark:/87278/s60s2xqs
Setname ir_htoa
Date Created 2015-07-22
Date Modified 2019-07-11
ID 197156
Reference URL https://collections.lib.utah.edu/ark:/87278/s60s2xqs
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