Free PDF Revenue Recognition 2016 (AICPA Audit and Accounting Guide)
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This publication addresses key accounting implementation issues related to Topic 606,Revenue from Contracts with Customersand related updates through FASB ASU No. 2016-12. At its completion, the guide will include 16 industry-specific chapters that address accounting implementation issues, and provide industry- specific illustrative examples of how to apply the new standard. It will also provide in-depth coverage of audit considerations from risk assessment and planning to execution of the audit. In light of the material changes resulting from this standard, it will require significant analysis and preparation well in advance of the effective date for all financial reporting based on US GAAP. For that reason, the AICPA is offering two options to quickly deliver finalized implementation issues as quickly as possible. Those options include: an annual online subscription available via our online professional library, or combination print/PDF, which includes completed chapters as of January 2017 in print as well as online PDF access to finalized implementation issues. Accounting and auditing content of this guide will be updated as implementation issues are finalized, and can be tracked via the link below. NYSSCPA The New York State Society of CPAs NYSSCPA is the premier professional association for CPAs (certified public accountants) in New York State Revenue recognition services Deloitte US Why is this important to your company? Jointly issued by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board the revenue AICPA IFRScom : Updates : AICPA Developed by the American Institute of CPAs IFRScom provides comprehensive resources for accounting professionals auditors financial managers and other users of Revenue Recognition - AICPA The AICPA Revenue Recognition resource area provides information guidance and other resources for the changes on the horizon due to FASB ASC 201409 How Audit Committees can Oversee Revenue Recognition How audit committees can oversee revenue recognition implementation By Ken Tysiac Revenue Recognition Standard ASC 606 - PwC The FASB and IASB have released their converged revenue recognition standard Revenue from contracts with customers (ASC 606) PwC provides details on the new revenue The new revenue recognition standard in plain English The new revenue recognition standard in plain English Here are the basics that you need to know about the standards 5-step process By Monica Ursick CPA Revenue Recognition Criteria - AccountingTools A number of revenue recognition criteria have been developed by the Securities and Exchange Commission (SEC) which a publicly-held company must meet in order to CPA Practice Advisor - Accounting-CPA Firms-Software Reviews CPA Practice Advisor is the definitive resource for information to tax and accounting professionals in public practice New Revenue Recognition Learning and - aicpaorg aicpaorg/FRC September 2016 5 Financial Reporting Center New Revenue Recognition Accounting StandardLearning and Implementation Plan In May 2014 FASB issued
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