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AICPA issues revenue working draft for broker-dealers

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Jan 10, 2019

On January 10, 2019, the AICPA’s Financial Reporting Executive Committee released for public comment a working draft for broker-dealers that addresses an illustrative note to financial statements that is associated with the implementation of the new revenue standard.

Topics addressed in the working draft include:

  • Significant judgments
  • Investment banking
  • Asset management
  • Costs of obtaining or fulfilling a contract with a customer
  • Disaggregated revenue from contracts with customers

Comments on the working draft are due by March 4, 2019.

Review the revenue recognition resource page on the AICPA’s website.

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