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PPC's Guide to Revenue Recognition

PPC's Guide to Revenue Recognition

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Online
Product Code:
RREQ
$400.00

The effective date for FASB ASU 2014-09, Revenue from Contracts with Customers (Topic 606), and subsequent amendments is years beginning after December 15, 2017 for public entities, and years beginning after December 15, 2018 for nonpublic entities. For some entities, the new accounting requirements will differ significantly from current practice. For all entities, the financial reporting will change as there are new revenue disclosures that will be required. Thus, you need to start preparing now.

PPC’s Guide to Revenue Recognition provides easy-to-understand guidance on the new requirements of this suite of standards. It explains the five step approach that must be used to recognize and measure revenue and compares/contrasts those with the current accounting guidance. Some of the key features include:

  • Numerous examples that illustrate each of the five steps. Over 200 examples are included throughout the Guide. 
  • Multiple flowcharts that walk you through the key decisions that must be made. These flowcharts may also be helpful for client discussions.
  • A Powerpoint slide deck to use in client or group presentations. A link to the electronic version is included so you can tailor it to address specific client or industry issues.
  • Numerous disclosure examples that provide a starting point for you and your clients as you draft new disclosures.

DESCRIPTION

The effective date for FASB ASU 2014-09, Revenue from Contracts with Customers (Topic 606), and subsequent amendments is years beginning after December 15, 2017 for public entities, and years beginning after December 15, 2018 for nonpublic entities. For some entities, the new accounting requirements will differ significantly from current practice. For all entities, the financial reporting will change as there are new revenue disclosures that will be required. Thus, you need to start preparing now.

PPC’s Guide to Revenue Recognition provides easy-to-understand guidance on the new requirements of this suite of standards. It explains the five step approach that must be used to recognize and measure revenue and compares/contrasts those with the current accounting guidance. Some of the key features include:

  • Numerous examples that illustrate each of the five steps. Over 200 examples are included throughout the Guide. 
  • Multiple flowcharts that walk you through the key decisions that must be made. These flowcharts may also be helpful for client discussions.
  • A Powerpoint slide deck to use in client or group presentations. A link to the electronic version is included so you can tailor it to address specific client or industry issues.
  • Numerous disclosure examples that provide a starting point for you and your clients as you draft new disclosures.

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