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AICPA issues working drafts on telecommunications revenue recognition implementation issues

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Aug 03, 2016

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 within the telecommunications sector.

The telecommunications working drafts provide guidance on portfolio accounting and contract costs. Com­ments on the working drafts are due by October 1, 2016.

For more in­for­ma­tion, see the telecommunications revenue recog­ni­tion task force page on the AICPA’s Web site. 

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