AICPA issues four revenue working drafts
Jul 03, 2017
On July 3, 2017, the AICPA’s revenue recognition task forces have released for public comment four working drafts on accounting issues associated with the implementation of the new revenue standard for airlines, gaming, health care, and telecommunications industries.
The working drafts address the following topics:
- Regional contracts (airlines).
- The timing for recognition of a wide-area progressive operator’s liability for base progressive and incremental progressive jackpot amounts (gaming).
- Consideration of the new revenue standard in connection with third-party settlement estimates (health care).
- Miscellaneous fees (telecommunications).
Comments on the working drafts are due by September 1, 2017.
For more information, see the revenue recognition page on the AICPA’s Web site.
