I need one page pus citation please

The Impact of Revenue Recognition Standards on Book and Tax Accounting
Student Name
23rd Sep 2023

The recent implementation of ASC Topic 606, Revenue from Contracts with Customers, has led to significant changes in financial accounting for revenue recognition that also impact tax accounting. Under the new standards, companies must use more judgment and estimates in areas like identifying performance obligations and determining variable consideration. This contrasts with the previous tax rules like the "all events test" that required a fixed right to income for tax recognition...