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Accounting & Auditing Alert March 2019


RubinBrown's Accounting & Auditing Alert is published monthly to inform our clients and contacts about relevant technical accounting and audit-related information.


FASB Issues Proposal And Invitation To Comment On Recognizing And Measuring Deferred Revenue In Business Combinations

The FASB has issued an Exposure Draft that is intended to address diversity in practice related to whether and how to record deferred revenue in a business combination. Current GAAP requires that a deferred liability be recorded in a business combination when the acquirer assumes a legal obligation.


FASB Proposes Targeted Transition Relief To Institutions Applying The Credit Losses Standard

The FASB recently issued an Exposure Draft titled Targeted Transition Relief for Topic 326, Financial Instruments—Credit Losses.


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