On Tuesday, August 25th, 4 pm ET, we will be joined by Ted Christensen and Jeff Wilks (both of Brigham Young University) as we discuss the FASB and IASB’s proposed changes to revenue recognition.

As you may know, Jeff played a significant role in the FASB/IASB joint project on revenue recognition during his time as an Academic Fellow at the FASB, and Ted was one of the principal authors on the AAA FASC’s recent response to the Boards’ joint discussion paper.

Jeff and Ted plan to talk about the AAA FASC comment letter, and also some of the common themes across all of the comment letters received by the Boards.  In preparation for Tuesday’s Round Table, Jeff has already provided plenty of fodder for discussion.  Be sure to check out his synthesis of the major themes contained in the joint project’s comment letters.  In addition, Jeff has also written some very interesting posts on why matching is out of vogue and one touching on the role of a contract in revenue recognition.

Given the importance of this topic, I imagine this will be a lively discussion!

In my opinion, there are many wonderful research opportunities out there just waiting to be discovered – both in terms of research that could inform the Boards’ deliberations on revenue recognition and also in terms of how these changes will impact firms and the capital markets once they are implemented.  Be sure to join us!

Remember that you can attend Round Table Discussions in Second Life (instructions here) or on the web at our LIVE page.