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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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.