AICPA issues two revenue working drafts

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May 02, 2018

On May 2, 2018, the AICPA’s revenue recognition task forces released for public comment two working drafts on accounting issues associated with the implementation of the new revenue standard for gaming and telecommunication entities.

The working drafts address the following topics:

  • Gaming entities’ accounting for management contract revenues, including costs reimbursed by managed properties (gaming)
  • Contract modifications (telecommunications)

Comments on the working drafts are due by July 2, 2018.

For more information, see the revenue recognition page on the AICPA’s Web site.

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