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Applying new accounting rules in various business situations

  Editor’s note: Part I two weeks ago gave an overview of the new accounting rules and their potential impact on income taxes. Part II...

New financial reporting rules alter timing of revenue recognition

        For accounting purposes, the seller or provider of services in a contract recognizes revenue when the buyer takes control of the good or service....

Begin planning now for new rules on how you report revenue

          New rules for revenue reporting will take effect for all public companies and some nonprofits and employee-benefits plans beginning Dec. 15, 2017, and for...
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