FAR Revenue Recognition

  • Creator
    Topic
  • #2172052
    Jen200215
    Participant

    Hi. I’m back at FAR after a year off from studying for these exams. I am currently studying the new revenue recognition standards, and I am confused at if we still need to be comfortable with % of completion method, installment method, cost recovery. My course keeps asking questions on them, but the way I understand it is that these aren’t valid anymore. Can someone explain?

    AUD - 82
    BEC - 84
    FAR - 86
    REG - 86
    Jennifer Wolf
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