AICPA issues revenue working drafts for broker-dealers and telecommunications entities
Nov 02, 2017
On November 2, 2017, the American Institute of Certified Public Accountants’ (AICPA) revenue recognition task forces released for public comment two working drafts on accounting issues associated with the implementation of the new revenue standard for broker-dealers and telecommunications entities.
The broker-dealer working draft addresses underwriting revenues, while the telecommunications working draft covers the determination of transaction prices.
Comments on the working drafts are due by January 2, 2018. For more information, see the revenue recognition resource page on the AICPA’s website.
