Revenue from contracts with customers, global edition

Accounting guide

Access our updated global guide to the new revenue standard.

This guide was fully updated in August 2017.

In 2014, the FASB and IASB issued their converged standard on revenue recognition, which replaces much of the prescriptive and often industry-specific or transaction-specific guidance included in today’s accounting literature. Subsequent to issuance, a number of implementation issues were identified and discussed by the Revenue Recognition Transition Resource Group, a joint working group established by the boards. Some of these discussions led to the boards making amendments to the standard, its related implementation guidance, and basis for conclusions. The resulting changes to US GAAP and IFRS are not identical. We have updated the Revenue from contracts with customers, global edition guide to reflect these developments, as well as for our additional insights on applying the new standard.

Download to your iPad

To download the guide onto an iPad, please open the PDF and click anywhere on the guide. A menu will pop up at the top of the page with an option to “Open in iBooks” (top right). Click on this button to save the guide within your iBooks app for future access.

 

In brief 

SEC updates its interpretative guidance on revenue recognition

Do the SEC's updates to revenue recognition interpretations and accounting for vaccine stockpile programs impact you?

Read our In brief on the SEC update

 

In transition

The new revenue recognition standard - FAQs about SEC reporting and transition

As the effective date approaches, questions have arisen about how the new revenue standard impacts SEC reporting and disclosure.

Read the FAQs about SEC reporting and transition

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To have a deeper discussion on the new Revenue standard, contact:

Angela Fergason

Partner, National Professional Services Group

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Ashley Wright

Partner, National Professional Services Group

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Catherine Benjamin

Director, National Professional Services Group

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Michele Marino

Director, National Professional Services Group

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Michelle Dion

Senior Manager, National Professional Services Group

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Jon Gochoco
Partner, National Professional Service Group
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Pat Durbin
Partner, National Professional Services Group
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