New working drafts address 5 revenue recognition issues

By Ken Tysiac

Working drafts for a total of five revenue recognition implementation issues in four industries were exposed Friday by the AICPA Financial Reporting Executive Committee.

When completed, the drafts will be added to the AICPA’s revenue recognition guide. The guide provides industry-specific considerations for implementation of FASB’s new revenue recognition standard.

The working drafts include:

Informal feedback can be provided by Feb. 1 by emailing Andy Mrakovcic (Andy.Mrakovcic@aicpa-cima.com) for the Health Care issue, Chris Cole (Chris.Cole@aicpa-cima.com) for the Not-for-Profit issue, Desiré Carroll (Desire.Carroll@aicpa-cima.com) for the Telecommunications issue, and Kim Kushmerick (Kim.Kushmerick@aicpa-cima.com) for the Time-Share issues.

Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is a JofA editorial director.

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