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AICPA issues revenue working draft for the telecommunications industry

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May 04, 2017

In May 2017, the American Institute of CPAs’ (AICPA) Revenue Recognition Task Force released for public comment a working draft on accounting issues associated with the implementation of the new revenue standard for the telecommunications industry.

The working draft addresses the effect of the time value of money. Comments on the working draft are due by July 3, 2017.

Review the working draft and the telecommunications Revenue Recognition Task Force page on the AICPA’s Web site.

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