Revenue Recognition: Accounting and Auditing Considerations - 2016/17

Publisher: AICPA
  • $49.00-$59.00
    Revenue Recognition: Accounting and Auditing Considerations - 2016/17 Availability : In Stock Product #: ARAREV16P
    AICPA Member: $49.00
    Non-Member: $59.00
  • $39.00-$49.00
    Revenue Recognition: Accounting and Auditing Considerations - 2016/17 Availability : eBook Download Product #: ARAREV16E
    AICPA Member: $39.00
    Non-Member: $49.00
  • $39.00-$49.00
    Revenue Recognition: Accounting and Auditing Considerations Availability : Online Access Product #: ARAREVO
    AICPA Member: $39.00
    Non-Member: $49.00

New Expanded Edition Covers Both Accounting and Auditing

This year's expanded edition addresses key concepts in revenue recognition from both an accounting and auditing perspective. The past year's accounting updates are covered, as well as criteria for recognizing revenue and related costs, new disclosure requirements, and a comparison to existing FASB rules to allow for an effective transition once the new rules become effective.

Also included are more than 50 pages of audit guidance specific to revenue transactions; including internal controls, audit risk, fraud, and management estimates. An analysis of how auditors will be impacted by the new requirements is also provided.

The new guidance is broken down into five essential steps that will provide a clear, solid framework for moving forward under the new standard. Links to helpful online tools and resources are included.

Key Benefits

  • Comprehensive coverage of the new framework, including accounting guidance, as well as audit considerations
  • Key provisions of Topic 606
  • 5-step implementation guidance
  • An understanding of the impact on current accounting and tax practices


  • Topic 606 (FASB ASU No. 2014-09)
  • FASB ASU No. 2016-08
  • FASB ASU No. 2016-10
  • FASB ASU No. 2016-12

For more information, visit www.aicpastore.com/revrec

Who Will Benefit?

  • Accountants and auditors who need to understand the latest guidance on revenue recognition

System Requirements

About the Publisher


About the AICPA
The American Institute of CPAs (AICPA) is the world's largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.