This paper is a response to the critical comments of Alexander (2006) and Nobes (2006) on our article on revenue recognition, which was published last year in this journal (Wuuml;stemann and Kierzek 2005). While Alexander primarily objects to our statement that there is a 'requirement of legal...

Since 2002, the FASB and the IASB have been undertaking a joint project on the revision and convergence of U.S. GAAP and IFRS revenue recognition. Even though the outcome of the project is still open, the project's course as well as trends in recently published IFRS and other current IASB...