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GAAP.RUNewsFASB Issues Accounting Standards Update 2010-17 “Revenue Recognition - Milestone Method” (Topic 605)

FASB Issues Accounting Standards Update 2010-17 “Revenue Recognition - Milestone Method” (Topic 605)

Milestone Method of Revenue Recognition

Publication date: 30 April 2010

The objective of this Update is to provide guidance on defining a milestone and determining when it may be appropriate to apply the milestone method of revenue recognition for research or development transactions.

FASB Issues Accounting Standards Update 2010-17 “Revenue Recognition - Milestone Method” (Topic 605).