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What is happening at the FASB and IASB on the topic of revenue recognition recently?

April 26, 2017fasb happening iasb recognition revenue topic

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What is happening at the FASB and IASB on the topic of revenue recognition recently?

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In December 2008, in conjunction with their joint project on revenue recognition, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) both issued discussion papers titled “Preliminary Views on Revenue Recognition in Contracts with Customers”. Comments on the documents were due in June 2009 and the Boards are currently discussing the comments received.