Depository and Lending Institutions Revenue Recognition Task Force 


AICPA Revenue Recognition Task Forces are charged with developing revenue recognition implementation issues that will provide helpful hints and illustrative examples for how to apply the new Revenue Recognition Standard.

Task Force Members:

  • Paul Bridge, BDO (Chair)
  • Meredity Canady, American Express
  • Kristin Derington-Ruiz, PricewaterhouseCoopers LLP
  • David Elizandro, BNY Mellon
  • Sydney Garmong, Crowe Horwath LLP
  • Dom Guiffrida, Ernst & Young LLP
  • Lee Keel, Wells Fargo
  • Lisa Koehl, JP Morgan Chase
  • Jennifer Liner, Capital One
  • Faye Miller, McGladrey
  • Mike Pierce, KPMG LLP
  • Robert Uhl, Deloitte LLP
  • Markus Veith, Grant Thornton LLP
  • Xihao Xu, TD Bank
Staff Contact: Salome J Tinker, sjtinker@aicpa.org

IDENTIFIED REVENUE RECOGNITION IMPLEMENTATION ISSUES

Below is a list of potential revenue recognition implementation issues identified by the Depository and Lending Institutions Revenue Recognition Task Force. The list will be updated as the task force continues it discussions. Full revenue recognition implementation issues will be posted below for informal comments after review by the AICPA Financial Reporting Executive Committee (FinREC).

The Task Force has removed and/or addressed selected implementation issues included in the original plan. They have retained the original issue #s for the table below.

Issue # Description of Implementation Issue Status
1 ASC 606 Scope Issues: credit cards, deposit services charges, and servicing/subservicing
1a Question on revenues scoped out of ASC 606

    4 Sale of Non-Operating Assets (Other Real Estate Owned)
    This implementation issue provides considerations for depository institutions in applying the guidance in ASC 606 to sales of other real estate owned.
    Out for Exposure until January 2, 2017


    FEEDBACK REQUESTED

    Draft Revenue Recognition Implementation Issues included for informal comment, when available, will be listed below.

    Respondents should submit any comments including the implementation issue number to sjtinker@aicpa.org by the dates noted below:

    Issue # Comment Due Date
    5-4 - Sale of Non-Operating Assets (Other Real Estate Owned)
    January 2, 2017


    The Depository and Lending Institutions Revenue Recognition Task Force and the Depository and Lending Institutions Expert Panel recommend the following AICPA products for current revenue recognition issues:



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