AICPA Not-for-Profit Guidance, Tools and Resources

AICPA Revenue Recognition Tools and Resources

The standard will eliminate the transaction- and industry-specific revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. This standard has the potential to affect every entity’s day-to-day accounting and, possibly,
the way business is executed through contracts with customers.



Kim Kushmerick, AICPA Senior Technical Manager-Accounting Standards, provides an overview of the new revenue recognition standard and highlights helpful AICPA resources available.


Financial Reporting Brief: Roadmap to Understanding the New Revenue Recognition Standards

The Financial Reporting Brief reorganizes the guidance contained in FASB ASC 606 (revenue recognition standard), to follow the five step revenue recognition model along with other guidance impacted by this standard. Additionally, it highlights differences between FASB ASC 606 and IFRS 15, and provides reference to applicable examples in the implementation guidance.

New Revenue Recognition Accounting Standard - Learning and Implementation Plan

Use this roadmap to ensure that your company as well as its management team and staff do the following:

  1. Understand the changes to current GAAP based on FASB ASU 2014-09, Revenue from Contracts with Customers
  2. Understand transition and retrospective adoption of the revenue recognition standard, and determine how your company will adopt the new guidance
  3. Find resources to help train your professional staff to ensure effective and efficient implementation of the revenue recognition standard
  4. Educate users about the changes they can expect in your company's financial statements



The AICPA has formed sixteen industry task forces to help develop a new Accounting Guide on Revenue Recognition that will provide helpful hints and illustrative examples for how to apply the new Revenue Recognition Standard. The industries involved with this project are:


Get up to date information on the new Revenue Recognition standard,
plus FASB and AICPA activities at