What Is The Effective Date For ASC 606 For Private Companies?

What Is The Effective Date For ASC 606 For Private Companies? For private companies and NFPs, the effective date of FASB ASC 606 would be deferred by one year for annual reporting periods beginning after December 15, 2019, and interim reporting periods within annual reporting periods beginning after December 15, 2020. What is the effective

What Law Governs Letters Of Credit?

What Law Governs Letters Of Credit? Most letters of credit are governed by rules promulgated by the International Chamber of Commerce known as Uniform Customs and Practice for Documentary Credits. The current version, UCP 600, became effective July 1, 2007. Which regulation governs the operations of letter of credit? The provisions of “Uniform Customs and