Resumen de Nwe standard on revenue recognition

• The article discusses "Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606)," a standard on revenue recognition released in May, 2014 by the International Accounting Standards Board and the Financial Accounting Standards Board. The standard is meant to reconcile an inconsistency between U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).