EITF 00-21 is accounting guidance from the Financial Accounting Standards Board (FASB), which has a significant effect on a company's revenue reporting and revenue recognition practices for complex contracts that include multiple goods and/or services. The impact of this pronouncement is being felt in an increasing number of industries as more and more companies deliver innovative product offerings and complex bundling strategies to market.

This white paper presents advice and commentary from Dr. Ashwinpaul (Tony) C. Sondhi, a member of FASB's Emerging Issues Task Force, on the impact of EITF 00-21. Key issues are discussed and examples are given to shed light on some of the detailed aspects of EITF 00-21, how it relates to other FASB literature and what it means for a company's revenue recognition practices.

This white paper is available free of charge at: http://www.softrax.com/mk/get/revrecresource_eitf0021wp