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The Delaware Society of Certified Public Accountants is Delaware's premier professional association comprised of more than 850 certified public accountants and accounting professionals in public practice, industry, government and education.

Latest News & Resources

Business & Industry E-ssentials

June 30, 2014

May edition of Business & Industry E-ssentials

Business & Industry E-ssentials

June 30, 2014

June edition of Business & Industry E-ssentials

IASB AND FASB ISSUE CONVERGED STANDARD ON REVENUE RECOGNITION

June 2, 2014

The International Accounting Standards Board (IASB), responsible for International Financial Reporting Standards (IFRS), and the Financial Accounting Standards Board (FASB), responsible for U.S. Generally Accepted Accounting Principles (U.S. GAAP), today issued jointly a converged standard on the recognition of revenue from contracts with customers. The standard will improve the financial reporting of revenue and improve comparability of the top line in financial statements globally.