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Revenue Recognition: Audit and Accounting Guide
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Revenue Recognition: Audit and Accounting Guide

This guide is essential for preparers and auditors involved with revenue recognition from contracts with customers, especially those working in any of sixteen industry-specific areas that this guide addresses.

$220 - $285
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Format

E-book, Paperback

Availability

Product Number

AAGREV21E

Publication Date

2021

 Business & partner 
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Product Details

This page is for purchases of the print or ebook version of the publication. To purchase the subscription, please go here.

Understand new guidance

FASB ASC 606, Revenue Recognition

Understand that FASB ASC 606 replaced most existing revenue recognition guidance and brought unprecedented challenges for private companies in 2020.

Unravel the complexities of the new standard and understand how to avoid areas of concern, with guidance from industry experts.

Understand how FASB ASC 606 affects financial statement preparation and audits in the following 16 areas:

  • Aerospace and defense
  • Airlines
  • Asset management
  • Broker-dealers
  • Construction contractors
  • Depository institutions
  • Gaming
  • Health care
  • Hospitality
  • Insurance
  • Not-for-profits
  • Oil and gas
  • Power and utility
  • Software
  • Telecommunications
  • Timeshare

Updates

This edition of the guide has been modified by the AICPA staff to include certain changes necessary due to the issuance of authoritative guidance since the guide was originally issued, and other revisions as deemed appropriate. Specifically, AICPA staff has updated the content in chapters one and two to reflect all guidance issued by AICPA and FASB, as applicable, through February 1, 2021. AICPA staff also evaluated guidance issued by FASB through February 1, 2021 to determine potential impact to content in chapters three through eighteen. Updates are reflected in footnotes and do not alter the positions taken by FinREC, which were based on facts and circumstances stated in the guide and supported by guidance in effect at the time the industry implementation papers were finalized, from 2015-2018.

Who Will Benefit
  • Preparers of financial statements
  • Auditors
Key Topics
  • This guide on revenue recognition encompasses efforts of 16 industry task forces focused on application of FASB ASC 606 to common industry-specific scenarios.
  • Audit considerations specific to revenue transactions, including controls, audit risk, fraud, and management estimates.
More Details
Access
E-Book
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
E-book
$285.00
Paperback
$285.00
AICPA Members
E-book
$220.00
Paperback
$220.00

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ISBN
978-1-95068-880-7
978-1-95068-879-1
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Revenue Recognition: Audit and Accounting Guide
Select from the following options:
E-book
$285.00
Paperback
$285.00
Nonmember Price
$285.00
Price excluding sales tax
$285.00
Do you have an AICPA membership? 
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Shipping cost and sales tax will be added later during checkout

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