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AICPA Begins Floating Revenue Recognition Drafts

Tammy Whitehouse | November 3, 2015

As standard setters make revisions and clarifications to the new revenue recognition standard, the accounting profession is starting to churn out some advice of its own on how to apply the new requirements to specific industry sectors.

The Financial Reporting Executive Committee of the American Institute of Certified Public Accountants has released for public comment working drafts of implementation issues around the new revenue recognition requirements that will be of interest to those in the aerospace and defense sector and in the investment asset management sector. The AICPA has assembled 16 ...

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