(eBook PDF) Wiley Revenue Recognition Understanding and Implementing the New Standard

(eBook PDF) Wiley Revenue Recognition Understanding and Implementing the New Standard – Digital Ebook – Instant Delivery Download

Product details:

• ISBN-10 ‏ : ‎ 9781118776858
• ISBN-13 ‏ : ‎ 978-1118776858
• Author: Joanne M. Flood

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.

Table of contents:

Executive Summary

1 Step 1—Identify the Contract with the Customer

2 Step 2—Identify the Performance Obligations

3 Step 3—Determine the Transaction Price

4 Step 4—Allocate the Transaction Price

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

6 Other Issues

7 Contract Costs

8 Presentation and Disclosure

9 Implementation Issues

About the Companion Website

Index

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