Product Image

Auditing Revenue in Certain Industries - AICPA Audit Guide

Publisher: AICPA
Availability: Varies by Format (See Below)
See Below To Add To Cart
View Online Catalog
Divider
Print This Page
Divider
Available Formats:  Online Subscription | Paperback | eBook | See All

This resource was developed by leading experts from industry and public practice. It provides guidance based on accounting and clarified auditing standards to assist practitioners in addressing audit and accounting issues commonly experienced in revenue recognition in the computer software and high-technology manufacturing industries. This AICPA Audit Guide has been fully updated to reflect the new standards resulting from the Clarity Project.

This guide includes relevant guidance contained in applicable standards and other technical sources. This guide addresses complex revenue recognition issues, including the following:

  • Contract accounting, including construction-type and production-type contracts
  • Indicators of improper revenue recognition
  • Tangible products delivered with software components and non-software components
  • Units of accounting, allocation of arrangement consideration, and VSOE, TPE, and BESP
  • Auditing revenue assertions
  • Auditing revenue transactions in the computer software industry and the high-technology manufacturing industries

Note: The AICPA has formed 16 industry task forces to help develop a new accounting guide on revenue recognition that will provide helpful hints and illustrative examples regarding how to apply the new revenue recognition standard issued in May 2014. The following industries are involved with this project:

  • Airlines
  • Aerospace and Defense
  • Broker Dealers
  • Construction Contractors
  • Depository Institutions
  • Gaming
  • Health Care
  • Hospitality
  • Insurance
  • Investment Companies
  • Not-for-Profit
  • Oil and Gas
  • Power and Utility
  • Software
  • Telecommunications
  • Timeshare

Check out the AICPA Financial Reporting Center, which provides up to date information on the new revenue recognition standard, plus FASB and AICPA activities: www.aicpa.org/revenuerecognition.

If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:

  • Download and activate Adobe Digital Editions® - a free program for accessing eBooks
  • Return to CPA2Biz.com and go to My Account > My Downloads
  • Click the eBook title to download and open automatically in Adobe Digital Editions

Note: To access your eBook on a smartphone, tablet or other reading device, see our FAQ. This product is refundable within 10 days of your purchase date. For more information about this product or service concerns, please contact the CPA2Biz/AICPA Service Center at service@cpa2biz.com or call 888-777-7077.

eBook ,
Product# AAGREV12E
Availability: eBook Download
Regular:$75.00
AICPA Member:$60.00
Your Price:$75.00
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.