Wiley Revenue Recognition: Understanding and Implementing the New Standard + Website

Everything you need to understand and implement the new, converged FASB–IASB revenue recognition standard

The Financial Accounting Standards Board (FASB), and the International Accounting Standards Board (IASB) have completed a decade–long project to clarify and converge their revenue recognition standards. The new, unified, principles–based standard will serve as one model, applied consistently across most industries worldwide. Wiley Revenue Recognition begins with an executive overview of the new standard and then walks you, step–by–step, through the new model, providing detailed explanations, graphic aids, and numerous application examples along the way. It also supplies:

A list of the more than 200 separate FASB items and IASB standards and interpretations superseded by the new standard Exclusive access to a website with digital ancillaries, featuring the latest technical developments, useful implementation tools, and GAAP and IFRS Disclosure Checklists All the information, tips, and practice aids needed to implement the new revenue recognition standard In–depth coverage of how companies should plan for implementation

Wiley Revenue Recognition is a trusted, authoritative guide to the new FASB–IASB revenue recognition standard for CPAs and financial professionals, worldwide.

www.wiley.com/go/revenuerecognition

Executive Summary

Chapter 1 Step One Identify the Contract with the Customer

Chapter 2 Step 2: Identifying the Performance Obligations

Chapter 3 Determine the Transaction Price

Chapter 4 Step 4– Allocate the Transaction Price

Chapter 5 Step Five Recognize Revenue When (Or As) the Entity Satisfies a Performance Obligation

Chapter 6 Other Issues

Chapter 7 Contract Costs

Chapter 8 Presentation and Disclosure

Chapter 9 Implementation Issues

Index

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.