In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued their much-anticipated converged standard on revenue recognition. The FASB issued Accounting Standards Update (ASU) No. 2014-09, and the IASB issued International Financial Reporting Standard (IFRS) 15, both titled “Revenue From Contracts With Customers.” With only minor differences, the joint standard represents a single, global, principles-based revenue recognition model. The new guidance will affect almost every entity that recognizes revenues from contracts with customers.
The far-reaching impact of the new revenue recognition standard will affect different industries in different ways. To be ready when the new guidance goes into effect, financial executives need to understand the potential impacts of the coming changes and determine the best way to implement the new guidance in their organizations.
Federal transit administration grant revenue recognition
Revenue Recognition Implementation Lessons for Private Companies
The First Year of ASC 606: A Tax and Accounting Update
ASC 606 Implementation: Lessons from companies that have adopted the new revenue recognition rules
Crowe Revenue Recognition Consulting Services
Lessons Learned Panel
The Revenue Recognition Whirlwind Is in Full Force
Revenue Recognition for Boat Manufacturers
Revenue Recognition for Restaurant and Retail
Food and Commodities: Implementing the New Revenue Recognition Account
The New Revenue Recognition Standard: Implementation Issues for the Construction Industry
Implementing Revenue Recognition for Tech Companies
Helping Financial Institutions Prepare for Revenue Recognition
Numbers and Insight: Healthcare Revenue Recognition