Wiley revenue recognition : understanding and implementing the new standard / Joanne M. Flood.

Format:

Book

Author/Creator:

Flood, Joanne M., author.

Series:

THEi Wiley ebooks.

Wiley regulatory reporting series

THEi Wiley ebooks

Language:

English

Subjects (All):

Revenue--Accounting.

Revenue.

Business.

Physical Description:

1 online resource (223 pages) : illustrations.

Edition:

1st edition

Other Title:

Revenue recognition

Place of Publication:

Hoboken, New Jersey : Wiley, [2017]

System Details:

Access using campus network via VPN at home (THEi Users Only).

text file

Summary:

Everything you need to understand and implement the new converged FASB-IASB revenue recognition standard Wiley Revenue Recognition provides an overview of the new revenue recognition standard and instructs financial statement preparers step-by-step through the new model, providing numerous, helpful application examples along the way. Readers will grasp the many new disclosures that will be required through the use of detailed explanations and useful samples, while electronic tools will be available to aid the preparer in implementing the standards and making the proper disclosures. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are in the final stages of a decade-long project to clarify and converge revenue recognition standards. This new principles-based standard—which will affect the business practices of virtually every company worldwide—is designed to serve as one model applied consistently across most industries. This book guides professionals through the new standard. Offers a full explanation of over forty topics superseded by the new standard Includes digital ancillaries featuring measurement tools and GAAP and IFRS Disclosure Checklists Provides all the tools needed to implement the new revenue recognition standard Covers how the structure of contracts will be affected Wiley Revenue Recognition is a trusted, authoritative guide to the new FASB-IASB revenue recognition standard for CPAs and financial professionals worldwide.

Contents:

Step one ? Identify the contract with the customer

Step 2 : Identifying the performance obligations

Determine the transaction price

Step 4 : Allocate the transaction price

Step five ? Recognize revenue when (or as) the entity satisfies a performance obligation

Other issues

Contract costs

Presentation and disclosure

Implementation issues.

Notes:

Includes index.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed February 14, 2017).

ISBN:

9781119351641

1119351642

9781119351689

1119351685

OCLC:

970607633