FASB to Defer ASC 606 for Private Franchisors and ASC 842 for Certain Entities

At its meeting on April 8, 2020, the Financial Accounting Standards Board (FASB) decided to propose the following effective date deferrals due to the coronavirus pandemic: Proposal to defer the effective date of Topic 606, Revenue from Contracts with Customers, of the FASB’s Accounting Standards Codification (ASC) by one year for franchisors that are not … Continue reading FASB to Defer ASC 606 for Private Franchisors and ASC 842 for Certain Entities