This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

AICPA issues revenue working drafts for insurance and software entities

  • AICPA (American Institute of CPAs) Image

Feb 03, 2017

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

The insurance working draft provides guid­ance on the application of the scope exception in the FASB’s guidance in ASC 606-10-15-2 and ASC 606-10-15-4 to contracts within the scope of ASC 944, while the software working draft dis­cusses significant financing components in software arrangements. Com­ments on the working drafts are due by April 3, 2017.

For more in­for­ma­tion, see the insurance and software Revenue Recog­ni­tion Task Force pages on the AICPA’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.