Submitted Comment Name Shawn Kim Affiliation Bank of Hope Subject Definition of Revenue Message I would suggest using the GAAP definition of revenue which for a bank would include net interest income and noninterest income (includes interest expense). The definition of "Gross Receipts" under the CA Rev. and Tax Code seems to me way too expansive. Using a GAAP definition would help alleviate confusion from having different definitions of revenue. Also I would suggest using FASB's approach to effective year for reports and use "for fiscal year ending before Dec 15th" in choosing the report year and threshold for revenue. Some companies will not know if they meet the threshold until after Jan 1st. Thank You File Upload (i.e., Attachments): N/A N/A
Submission information