Revenue Recognition, Accounting and Auditing Considerations, 2016 (AICPA)
| Author | : | |
| Rating | : | 4.43 (662 Votes) |
| Asin | : | 1943546606 |
| Format Type | : | paperback |
| Number of Pages | : | 112 Pages |
| Publish Date | : | 2013-09-23 |
| Language | : | English |
DESCRIPTION:
The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards.The AICPA's founding established accountancy as a profession distinguished by ri
New Expanded Edition Covers both Accounting and AuditingThis year's expanded edition addresses key concepts in revenue recognition from both an accounting and auditing perspective. 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. 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. 2016-08FASB ASU No. 2016-10FASB ASU No. Links to helpful online tools and resources are included.Key Benefits:Comprehensive coverage of the new framework, including accounting guidance, as well as audit considerationsKey provisions of To
The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards.The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.. About the AuthorFounded in 1887