Flood Wiley Revenue Recognition

Understanding and Implementing the New Standard
1. Auflage 2017
ISBN: 978-1-119-35169-6
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 240 Seiten, E-Book

Reihe: Wiley Regulatory Reporting

Everything you need to understand and implement the newconverged FASB-IASB revenue recognition standard
Wiley Revenue Recognition provides an overview of the newrevenue recognition standard and instructs financial statementpreparers step-by-step through the new model, providing numerous,helpful application examples along the way. Readers will grasp themany new disclosures that will be required through the use ofdetailed explanations and useful samples, while electronic toolswill be available to aid the preparer in implementing the standardsand making the proper disclosures.
The Financial Accounting Standards Board (FASB) and theInternational Accounting Standards Board (IASB) are in the finalstages of a decade-long project to clarify and converge revenuerecognition standards. This new principles-basedstandard--which will affect the business practices ofvirtually every company worldwide--is designed to serve as onemodel applied consistently across most industries. This book guidesprofessionals through the new standard.
* Offers a full explanation of over forty topics superseded bythe new standard
* Includes digital ancillaries featuring measurement tools andGAAP and IFRS Disclosure Checklists
* Provides all the tools needed to implement the new revenuerecognition standard
* Covers how the structure of contracts will be affected
Wiley Revenue Recognition is a trusted, authoritativeguide to the new FASB-IASB revenue recognition standard for CPAsand financial professionals worldwide.

Autoren/Hrsg.

Flood, Joanne M.

Inhaltsverzeichnis

Executive Summary 1
1 Step 1--Identify the Contract with the Customer 27
2 Step 2--Identify the Performance Obligations 45
3 Step 3--Determine the Transaction Price 59
4 Step 4--Allocate the Transaction Price 85
5 Step 5--Recognize Revenue When (Or As) the Entity Satisfies a Performance Obligation 101
6 Other Issues 123
7 Contract Costs 159
8 Presentation and Disclosure 169
9 Implementation Issues 191
About the Companion Website 203
Index 205

Über Autor(innen)

JOANNE M. FLOOD, CPA-NY, has 20 years' experience at the AICPA, managing, developing, and writing accounting and auditing training. She pioneered the AICPA's e-learning product line and developed the AICPA online IFRS Certificate Program. She has also had accounting experience at major corporate clients in retail, manufacturing, and finance, and at small business clients in construction, manufacturing, and professional services. She is the author of Wiley GAAP, Wiley GAAS, and Wiley Financial Statement Disclosure Checklist.