This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

AICPA issues seven revenue working drafts

  • US_AICPA Image

Feb 02, 2018

On February 2, 2018, the AICPA’s revenue recognition task forces released for public comment seven working drafts on accounting issues associated with the implementation of the new revenue standard for aerospace and defense, gaming, health care, insurance, and telecommunication entities.

The working drafts address the following topics:

  • Transfers of control with respect to non-U.S. federal government contracts (aerospace and defense)
  • Gaming entity’s cost to obtain a management contract (gaming)
  • Disclosures — contracts with customers (gaming)
  • Continuing care retirement community contracts (health care)
  • Accounting for contract costs (health care)
  • Accounting for third-party extended service warranty contracts (insurance)
  • Material renewal rights in telecommunications contracts (telecommunications)

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

For more information, see the revenue recognition 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.