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AICPA issues more revenue recognition guide drafts

Tammy Whitehouse | July 5, 2017

Companies working to implement new revenue recognition requirements have yet more guidance to consider as the American Institute of Certified Public Accountants releases four more working drafts for its evolving revenue recognition guide.

The AICPA’s Financial Reporting Executive Committee released drafts of interest to entities in airline, gaming, health care, and telecommunication sectors, discussing four separate issues that task forces have vetted to arrive at some common conclusions. FinREC is overseeing more than a dozen AICPA task forces that are poring over hundreds of implementation questions and issues to...

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