"

Estimated reading time: 0 minutes, 29 seconds

AICPA Issues Final Set of Rev Rec Topics

AICPAThe Financial Reporting Executive Committee of the American Institute of CPAs has issued working drafts of several accounting issues. The drafts are issues related to the implementation of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers.

The working drafts discuss helpful considerations for the Gaming and Telecommunications industries. Comments are due July 2.  The topics are the following: Gaming #6-9B: Gaming Entity’s Accounting for Management Contract Revenues, Including Costs Reimbursed by Managed Properties and Telecommunications #15-3: Contract Modifications.

 Final revenue recognition implementation issues will be included in the AICPA’s Revenue Recognition Guide.

 

Read 6007 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction