BDO Comment Letter - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers

March 2021 - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (File Reference No. 2020-1000)

BDO has provided comments on the FASB's proposed approach to provide an exception to the fair value measurement principle, and to require recognition and measurement of deferred revenue acquired in a business combination in accordance with the standards on revenue recognition in ASC 606.