The FASB and the IASB are expected to issue the final standard on revenue recognition in the first quarter of 2013. Currently in the re-exposure draft, the changes to revenue recognition are expected to be extensive, so make sure you are ready for the changes. This program will provide participants with practical guidance about how to work with the new concepts and principles being proposed by the FASB. In addition, this manual will discuss general principles of revenue recognition, revenue recognition for products and services, and accounting for multiple element arrangements.