№ files_lp_4_process_1_39634
Professional comment letter presenting the views of the Accounting Principles Committee of the Illinois CPA Society on a proposed accounting standards update by the Financial Accounting Standards Board concerning recognition of contract liabilities in business combinations.
Year: 2019
Date: April 29, 2019
Subject: Accounting standards for business combinations and revenue recognition
Document type: Comment letter
Organization: Illinois CPA Society
Committee: Accounting Principles Committee
Recipient organization: Financial Accounting Standards Board
File reference number: 2019-300
Authors: Brian Kot, CPA; William Keirse, CPA
Author roles: Chair and Vice Chair of the Accounting Principles Committee
Audience: Financial Accounting Standards Board members and staff
Accounting topics referenced: Business Combinations (Topic 805); Revenue from Contracts with Customers (Topic 606); Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20)
Purpose: Feedback on proposed amendments regarding recognition of contract liabilities in business combinations
Geographical context: United States
Issuing body type: Professional accounting association committee
Appendix: Organization and Operating Procedures of the Accounting Principles Committee (2019–2020)
Price: 8 / 10 USD
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