47 Is Apples explanation for why it adopted the new rules retrospectively clear (Exhibit 1)? Is it valid?

Should the FASB have overturned the software revenue recognition portion within ASC 985-605? As part of your explanation, consider whether firms will now have too much flexibility to manipulate revenues.

Continue Reading47 Is Apples explanation for why it adopted the new rules retrospectively clear (Exhibit 1)? Is it valid?