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Revenue: News and publications

A comprehensive collection of news and publications related to ASC 605, ASC 606, ASC 610, and the joint revenue project, sorted in reverse chronological order.


In May 2014, the FASB and IASB issued a converged revenue standard. Click for direct access to:

AICPA issues revenue working draft for broker-dealers

Dec 15, 2017

The AICPA’s Revenue Recognition Task Force has released for public comment a working draft on accounting issues associated with the implementation of the new revenue standard for broker-dealers.

Heads Up — Highlights of the 2017 AICPA Conference on Current SEC and PCAOB Developments

Dec 10, 2017

This issue extracts key insights from this year's three-day AICPA Conference on Current SEC and PCAOB Developments. The conference features speeches by, and question-and-answer sessions with, members of the SEC, PCAOB, FASB, IASB, and other professional groups on current accounting, reporting, and auditing practice issues.

AICPA issues five revenue working drafts

Dec 04, 2017

The AICPA’s revenue recognition task forces have 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.

Investment Management — Accounting and Financial Reporting Update (2017)

Dec 01, 2017

The 2017 edition of our annual update highlights selected accounting and reporting developments that may be of interest to investment management entities. Among other topics, the publication discusses (1) the issuance of targeted improvements to hedge accounting and (2) continued work by the various standard setters on issues related to implementation of the new revenue recognition and leasing standards.

Highlights of the FASB’s November 29 meeting

Dec 01, 2017

At its November 29, 2017, meeting, the FASB discussed (1) a practical expedient for land easements; (2) implementation issues related to applying the guidance in ASC 842, "Leases"; and (3) the status of implementation activities related to applying the guidance in ASC 606, "Revenue From Contracts With Customers."

Automotive Spotlight — SEC gives automotive suppliers driving directions to account for preproduction activities under the new revenue standard

Nov 28, 2017

This Automotive Spotlight, originally issued in September 2017, has been updated to reflect the SEC staff’s views on an entity’s transition from a revenue model to a cost reimbursement model for reimbursements received for preproduction activities.

FASB amends certain SEC paragraphs in ASC 220, ASC 605, and ASC 606

Nov 22, 2017

The FASB has issued Accounting Standards Update (ASU) No. 2017-14, “Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 116 and SEC Release 33-10403.”

Heads Up — The new revenue standard — Are we there yet?

Nov 21, 2017

This Heads Up provides Deloitte’s latest observations from a review of third-quarter filings of a sample group of public companies regarding their progress toward adoption of the FASB’s new revenue standard (ASC 606).

AICPA issues revenue working drafts for broker-dealers and telecommunications entities

Nov 02, 2017

The AICPA’s Revenue Recognition Task Force has released for public comment two working drafts on accounting issues associated with the implementation of the new revenue standard for broker-dealers and telecommunications entities.

FASB releases investor podcast on revenue recognition for health care services entities

Oct 12, 2017

The FASB has released an investor podcast on the impact of revenue recognition on entities in the health care services industry.

PCAOB issues audit practice alert related to new revenue standard

Oct 06, 2017

The PCAOB has issued Staff Audit Practice Alert No. 15, “Matters Related to Auditing Revenue From Contracts With Customers.”

AICPA issues 20 revenue working drafts

Oct 03, 2017

The AICPA’s revenue recognition task forces have released for public comment 20 working drafts on accounting issues associated with the implementation of the new revenue standard for airlines, asset management, construction, gaming, health care, oil and gas, power and utilities, and telecommunications entities.

FASB releases investor podcast on revenue recognition for airlines entities

Oct 02, 2017

The FASB has released an investor podcast on the impact of revenue recognition on entities in the airlines industry.

FASB issues ASU amending certain SEC guidance

Oct 02, 2017

The FASB has issued Accounting Standards Update (ASU) No. 2017-13, “Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments.”

A roadmap to applying the new revenue recognition standard

Sep 28, 2017

This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance under the new revenue standard as codified in ASC 606, ASC 610-20, and ASC 340-40. The 2017 edition contains new interpretations and guidance as a result of FASB, TRG, SEC, and AICPA activity as well as developments in practice since publication of the 2016 edition of this Roadmap.

Quarterly Accounting Roundup: Third quarter in review — 2017

Sep 26, 2017

This edition of Quarterly Accounting Roundup summarizes the key financial reporting developments in the third quarter of 2017.

AICPA issues seven revenue working drafts

Sep 06, 2017

The AICPA’s revenue recognition task forces have released for public comment seven working drafts on accounting issues associated with the implementation of the new revenue standard for aerospace and defense, asset management, broker-dealer, engineering and construction, power and utility, software, and time-share entities.

Heads Up — The new revenue standard — Are you still assessing the impact?

Sep 05, 2017

This Heads Up provides Deloitte’s observations about public companies’ progress toward adopting the FASB’s new revenue standard (ASC 606).

CFO Insights — Revenue recognition — Pain points beyond the accounting

Aug 24, 2017

This issue looks at the multiple tentacles of the new revenue standard, and outlines some of the things CFOs need to prepare for — and how they can reduce surprises.

Journal entry — SEC issues updates to interpretive guidance on revenue recognition

Aug 22, 2017

On August 18, 2017, the SEC released Staff Accounting Bulletin (SAB) 116 that conforms existing SEC staff guidance with the guidance in ASC 606. SAB 116 modifies (1) SAB Topic 13, “Revenue Recognition”; (2) SAB Topic 8, “Retail Companies”; and (3) SAB Topic 11.A, “Miscellaneous Disclosure: Operating-Differential Subsidies.”

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