Staff accounting bulletin add clarity to revenue

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Reference no: EM13892588

Access the SEC website (www.sec.gov) and locate the following SEC sources: SEC Staff Accounting Bulletin No. 104. What does it discuss? How does it vary from the revenue recognition principles issued by the FASB? Does this SEC Staff Accounting Bulletin add clarity to revenue recognition determination? Why, or why not?

Website Source: US Securities and Exchange Commission: Retrieved fromhttps://www.sec.gov/

Use the FASB Codification to locate archived FASB Statement of Financial Accounting Standards No. 100.

What does it discuss?
What reasons were given for this deferral?
What finally happened to SFAS No. 96?
Is this an example of how the FASB at times modifies its position by listening to constituent comments?
Do you think constituent input into the FASB's due process adds value, or does it put the FASB in the middle of a political process that may limit the neutrality of FASB's standards?

Reference no: EM13892588

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