1. News
  2. FINANCIAL REPORTING

AICPA issues broker-dealer revenue recognition working draft

By Ken Tysiac

Related
TOPICS

A new working draft issued Tuesday by the AICPA Financial Reporting Executive Committee addresses a consideration for broker-dealers related to FASB’s new revenue recognition standard.

When completed, the working draft will be added to the AICPA’s Revenue Recognition Guide. The issue is Broker-Dealer Issue No. 3-2, Selling and Distribution Fee Revenue.

Informal feedback on the issue may be submitted by March 1 to Ivory Bare at Ivory.Bare@aicpa-cima.com.

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

Where to find March’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

SPONSORED REPORT

Get Clients Ready for Tax Season

This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.