General World News

The AHLA Financial Management Committee Issues Guidance for the New Revenue Recognition Standards

The Financial Accounting Standards Board (‘FASB’) recently revised how revenue from contracts with customers should be recorded. This was contained in FASB’s Accounting Standards Codification (‘ASC’) 606. Implementation of ASC 606 is effective starting January 1, 2018 for public companies and no later than December 31, 2019 for all other companies. read more >>>

Source:: HotelNewsresource.Com