SECURITIES AND EXCHANGE COMMISSION Corrected Copy
17 CFR Part 211
[Release No. SAB 104]
Staff Accounting Bulletin No. 104
AGENCY: Securities and Exchange Commission.
ACTION: Publication of Staff Accounting Bulletin.
SUMMARY: This staff accounting bulletin revises or rescinds portions of the
interpretative guidance included in Topic 13 of the codification of staff accounting
bulletins in order to make this interpretive guidance consistent with current authoritative
accounting and auditing guidance and SEC rules and regulations. The principal revisions
relate to the rescission of material no longer necessary because of private sector
developments in U.S. generally accepted accounting principles.
This staff accounting bulletin also rescinds the Revenue Recognition in Financial
Statements Frequently Asked Questions and Answers document issued in conjunction
with Topic 13. Selected portions of that document have been incorporated into Topic 13.
DATE: December 17, 2003
FOR FURTHER INFORMATION CONTACT: Chad Kokenge or Shelly Luisi in the
Office of the Chief Accountant (202) 942-4400, Securities and Exchange Commission,
450 Fifth Street, NW, Washington, DC 20549-1103.
SUPPLEMENTARY INFORMATION: The statements in staff accounting bulletins are
not rules or interpretations of the Commission, nor are they published as bearing the
Commission’s approval. They represent interpretations and practices followed by the
Division of Corporation Finance and the Office of Chief Accountant in administering the
disclosure requirements of the Federal securities laws.
Margaret H. McFarland
Date: December 17, 2003
Part 211 – (AMEND)
Accordingly, Part 211 of Title 17 of the Code of Federal Regulations is amended
by adding Staff Accounting Bulletin No. 104 to the table found in Subpart B.
STAFF ACCOUNTING BULLETIN NO. 104
[Note: The text of SAB 104 will not appear in the Code of Federal Regulations.]
The staff hereby revises Topic 13