Center for Plain English Accounting

The Center for Plain English Accounting is the AICPA’s national A&A resource center, available exclusively to members of the Private Companies Practice Section. The CPEA’s team of experts assists member firms in understanding and implementing accounting, auditing, review, compilation, and quality control standards by sharing technical advice and guidance in a straight-forward manner. CPEA professional staff provide A&A support by describing “how to do” what you “need to do” in implementing the authoritative literature.

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The New Revenue Recognition Standard (ASU 2014-09): Recognizing Revenue When [or as] Performance Obligations Are Satisfied

In this brief educational video, Tom Groskopf, the CPEA’s Technical Director, discusses the requirements for recognizing revenue as an entity satisfies its performance obligations in a contract.

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Most Recent News and Alerts

FASB Issues ASU 2018-01
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December 21, 2017

AICPA Technical Q&As 7100.01-7100.16
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FASB Issues ASU 2017-12
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SAS No. 133
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FASB Issues ASU-2017-11

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FASB Issues ASU-2017-10
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FASB Issues ASU-2017-09
May 11, 2017 

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