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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:

Highlights of the FASB’s July 17 meeting

Jul 19, 2019

At its July 17, 2019, meeting, the FASB discussed (1) reference rate reform; (2) effective date considerations for private companies, not-for-profit organizations, and small public companies; (3) the lessor’s accounting for operating lease receivables under ASC 842, “Leases”; and (4) implementation of the contract combination guidance in ASC 606, “Revenue From Contracts With Customers,” by colleges and universities.

Technology Alert — Challenges associated with applying the new revenue standard: EITF project on revenue recognition for contract modifications of licenses of intellectual property

Jul 08, 2019

This Technology Alert discusses issues associated with the EITF’s project on revenue recognition for contract modifications of licenses of intellectual property, including the extension of a contract’s term and the revocation or conversion of licensing rights.

Accounting Spotlight — Revenue recognition — Determining whether a performance obligation is satisfied at a point in time or over time

Jun 24, 2019

This Accounting Spotlight discusses the fact that under the FASB’s new revenue standard (the guidance in ASU 2014-09, “Revenue From Contracts With Customers (Topic 606)," as amended), entities may need to recognize revenue over time instead of at a point in time. They should evaluate the criteria in ASC 606-10-25-27 to determine the appropriate timing for revenue recognition.

Technology Alert — Challenges associated with applying the new revenue standard: residual approach to estimating stand-alone selling prices and allocating the transaction price when a value relationship exists

Jun 12, 2019

This Technology Alert discusses considerations related to the determination of whether and, if so, how an entity that sells a software license, postcontract customer support, and professional services to a customer may use a residual approach under the FASB’s new revenue recognition standard to estimate stand-alone selling prices and allocate the transaction price to the performance obligations when a value relationship exists. The alert is the fourth in a series intended to help technology entities better understand the new guidance, particularly private organizations that are currently adopting the standard’s requirements.

Accounting Spotlight — Revenue recognition — Evaluating whether an entity is acting as a principal or as an agent

May 28, 2019

This Accounting Spotlight discusses the key principal-versus-agent considerations under the FASB’s new revenue standard (the guidance in ASU 2014-09, "Revenue From Contracts With Customers (Topic 606)," as amended) that an entity must evaluate to determine whether it is a principal or an agent in a transaction. The changes result from the standard’s shift from a risks-and-rewards model to a control model.

Deloitte comments on FASB's proposed improvements to the accounting for share-based payments to customers

Apr 18, 2019

Deloitte & Touche LLP has commented on the FASB's proposed ASU "Codification Improvements — Share-Based Consideration Payable to a Customer."

Accounting Spotlight — Revenue recognition — Accounting for costs of obtaining a contract

Apr 05, 2019

This Accounting Spotlight discusses whether particular costs, such as salaries, commissions, and bonus payments, are incremental costs of obtaining a contract with a customer and therefore should be capitalized under the cost guidance of the new revenue standard as codified in ASC 340-40. It also highlights considerations for determining the amortization period for capitalized costs of obtaining a contract with a customer in accordance with that guidance.

Heads Up — The new revenue standard — A look at SEC feedback in year 1

Mar 28, 2019

This Heads Up offers an overview of the feedback the SEC has provided to registrants about their implementation of the FASB’s new revenue standard, ASC 606, "Revenue From Contracts With Customers." The newsletter highlights some key themes regarding the application of ASC 606 (related to accounting and disclosure requirements) that we noted in our review of approximately 400 SEC staff comments issued to date and presents examples of those comments.

Heads Up — FASB issues proposed ASU to address the accounting for share-based payments issued as sales incentives to customers

Mar 05, 2019

This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update, "Codification Improvements — Share-Based Consideration Payable to a Customer," which would clarify the accounting for share-based payments issued as sales incentives to customers under the new revenue standard.

FASB proposes improvements to the accounting for share-based payments to customers

Mar 04, 2019

The FASB has issued a proposed Accounting Standards Update (ASU), “Codification Improvements — Share-Based Consideration Payable to a Customer.”

Technology Alert — Challenges associated with applying the new revenue standard: Estimating stand-alone selling prices for term licenses and postcontract customer support

Feb 28, 2019

This Technology Alert discusses considerations related to establishing stand-alone selling prices for term licenses and postcontract customer support in the software industry under the FASB’s new revenue recognition standard when stand-alone sales do not exist. The alert is the third in a series intended to help technology entities better understand the new guidance, particularly private organizations that are currently adopting the standard’s requirements.

Aerospace & Defense Spotlight — Key differences between ASC 605-35 (formerly SOP 81-1) and ASC 606

Feb 13, 2019

This Aerospace & Defense Spotlight, which updates Deloitte’s September 2014 Aerospace & Defense Spotlight, highlights key accounting issues and potential challenges for aerospace and defense (A&D) entities related to the transition to ASC 606.

Real Estate — Accounting and Financial Reporting Update

Jan 28, 2019

The latest edition of our annual update highlights selected accounting and reporting developments that may be of interest to entities in the real estate sector.

Insurance — Accounting and Financial Reporting Update

Jan 18, 2019

The latest edition of our annual update highlights selected accounting and reporting developments that may be of interest to entities in the insurance sector.

AICPA issues revenue working draft for broker-dealers

Jan 10, 2019

The AICPA’s Financial Reporting Executive Committee has released for public comment a working draft for broker-dealers that addresses an illustrative note to financial statements that is associated with the implementation of the new revenue standard.

Banking & Capital Markets — Accounting and Financial Reporting Update

Dec 19, 2018

The latest edition of our annual update highlights selected accounting and reporting developments that may be of interest to entities in the banking and capital markets sector.

Technology Alert — Challenges associated with applying the new revenue standard: Establishing the stand-alone selling price as a range

Dec 14, 2018

This Technology Alert discusses considerations related to establishing the stand-alone selling price of a promised good or service as a range under the FASB’s new revenue recognition standard. The alert is the second in a series intended to help technology entities better understand the new guidance, particularly private organizations that are currently adopting the standard’s requirements.

Investment Management — Accounting and Financial Reporting Update

Dec 11, 2018

The latest edition of our annual update highlights selected accounting and reporting developments that may be of interest to investment management entities.

Journal entry — CAQ SEC Regulations Committee releases highlights of September 12, 2018, joint meeting with the SEC staff

Dec 04, 2018

On November 30, 2018, the Center for Audit Quality (CAQ) posted to its Web site the highlights of the September 12, 2018, CAQ SEC Regulations Committee joint meeting with the SEC staff.

A Roadmap to Applying the New Revenue Recognition Standard (2018)

Nov 20, 2018

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 2018 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 2017 edition of this Roadmap. Appendix I of the Roadmap summarizes the changes made in the 2018 edition.

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