FASB Newsletter - January 2015

January 2015

BDO's 2014 Accounting Year in Review summarizes the year's most significant changes in US GAAP and what to expect in 2015. One of the most notable achievements during 2014 was the issuance of a substantially converged revenue recognition standard by the FASB and IASB that is scheduled to take effect in 2017. A comprehensive list of the effective dates for recently-issued accounting standards is also included.