AICPA issues five revenue working drafts
Dec 04, 2017
In December 2017, the AICPA’s revenue recognition task forces released for public comment five working drafts on accounting issues associated with the implementation of the new revenue standard for health care, not-for-profit, telecommunication, and time-share entities.
The working drafts address the following topics:
- Performance obligations (health care)
- Subscriptions and membership dues (not-for-profit entities)
- Impact of enforceable rights and obligations on contract term (telecommunications)
- Allocating the transaction price and transfer of control (time shares)
- Contract costs (time shares)
Comments on the working drafts are due by February 1, 2018.
For more information, see the revenue recognition page on the AICPA’s website.
