# Professor Baruch Lev explains the Financial Accounting Standards Board (FASB)'s new revenue recognition standard

1 Faculty News December 13, 2017 ![CFO Magazine logo](/sites/default/files/styles/246w/public/assets/images/con_036148.gif?itok=JlCudNc0)>

Excerpt from [CFO](http://ww2.cfo.com/revenue-recognition-accounting-tax/2017/12/investors-rev-rec-changes-cares/) -- "'It’s extremely important for investors to understand where topline growth comes from,' he said. 'Foreign exchange is mainly beyond managers’ control. Volume is clearly under managers’ control. Price effects are generally long-term, while M&A is frequently transitory. Some companies provide a partial breakdown of these effects, but there’s nothing secret about this information.'"

[Read more](http://ww2.cfo.com/revenue-recognition-accounting-tax/2017/12/investors-rev-rec-changes-cares/)