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Revenue Recognition Tips from the SEC Staff (JofA) - Labeling multiple goods and services provided to a customer as a âsolutionâ does not eliminate a companyâs responsibility to identify and report separate performance obligations under FASBâs new revenue recognition standard.
U.S. Small-Business Sentiment Climbs Most in More Than a Year (Bloomberg) - Sentiment among small U.S. businesses climbed by the most in more than a year as more owners said profit trends are looking up and that itâs a favorable time for expansion, adding to signs that a key part of the economy is holding up in the fourth quarter.