The IASB and FASB staff have prepared a paper that indicates changes to the proposals in the November 2011 Exposure Draft Revenue from Contracts with Customers (the 2011 ED) arising from tentative decisions made by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) as they redeliberate the 2011 ED. This staff paper reflects the boards’ tentative decisions made up to and including their meeting during the week commencing 28 Janury 2012.
Read the updated staff paper.