The Financial Accounting Standards Board is finalizing its approaches on revenue recognition, leases and financial instruments, major changes that will affect practically all companies in the U.S. This post by Richard J. Caturano, CPA, CGMA, chairman of the Board of Directors for the AICPA, highlights the status of each standard and assures CPAs that the AICPA will provide tools and resources to help them learn about and implement the changes.

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