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

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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.

The broker-dealer working draft ad­dresses underwriting revenues, while the telecommunications working draft covers the determination of transaction prices.

Com­ments on the working drafts are due by January 2, 2018. For more in­for­ma­tion, see the revenue recog­ni­tion resource page on the AICPA’s Web site.

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