Close
Close

Comment: Firm responds to FASB questions on Topic 805

Download RFP
Grant Thornton submitted a letter to the FASB responding to an invitation to comment on Measurement and Other Topics Related to Revenue Contracts with Customer under Topic 805 (ITC). The firm is supportive of the FASB’s efforts to resolve how best to measure acquiree deferred revenue in light of the advent of Topic 606. The firm’s comments in the letter generally presupposes the FASB will amend Topic 805 to embrace a Topic 606 performance obligation perspective, though the firm does support not amending Topic 805 if that is the board’s ultimate decision.

Read our full comment letter