The Financial Accounting Standards Board (FASB) and the
International Accounting Standards Board (IASB) issued new revenue accounting
standards in May 2014 with an effective date of 2017. PeopleSoft
FSCM Update Image 10 includes enhancements to the PeopleSoft Contracts and Project
Costing modules to support customers in their transition to the new accounting
A summary of the changes is included on the PeopleSoft
Apps Strategy blog.