Flood, Joanne M., <br/><br/>
Wiley revenue recognition :  understanding and implementing the new standard / 
 Revenue recognition 
Joanne M. Flood. 
 - 1 online resource (223 pages) :  illustrations. 
 - Wiley Regulatory Reporting Ser. .
 - Wiley Regulatory Reporting Ser. .
<br/><br/> Includes index.  Example 2.1: Implied Performance Obligation. 
<br/><br/>Includes bibliographical references and index. 
<br/><br/>Wiley Revenue Recognition plus Website: Understanding and Implementing the New Standard; Contents; Executive Summary; What Is Revenue?; Revenue versus Gains; IFRS; The New Revenue Standard; Development of Revenue Guidance; U.S. GAAP; IFRS; The Revenue Recognition Project; The New Standards; Project Goals; Effective Dates; Collectibility Thresholds; Interim Requirements; Promised Goods Or Services Immaterial in the Context of the Contract; Presentation of Sales Taxes; Shipping and Handling Activities; Noncash Consideration; Licensing; Completed Contracts. Practical Expedient for Contract Modification-Date of ApplicationDisclosure Relief for Nonpublic Entities; Impairment Loss Reversal; Scope; Scope Exceptions; Example ES. 1: Nonmonetary Exchanges to Facilitate Sales to Customers or Potential Customers; Contracts Partially in Scope; Example ES. 2: Contract Partially Out of Scope; Sale of Transfer of Nonfinancial Assets; Effective Dates; Changes to Effective Dates; Other Changes to the Standard; Implementation Options; Full Retrospective Approach; Modified Retrospective Approach; Objective of the Standard. Core Principle and the Five Steps of the Revenue Recognition ModelExample ES. 3: Application of the Core Principle Through the Five Steps; Disclosures Required By the Standard; Forming and Documenting Professional Judgment; Disclosures Required for a New Standard; Other Changes Included in the Standard; Sec Response; Industry-Specific Guidance Superseded; Aicpa Industry Committees; Changes to Industry-Specific Guidance; Transition Resource Group; Appendix: Status of Issues Brought to the Boards; 1: Step 1-Identify the Contract With the Customer; Overview. Assessing Whether Contracts Are Within the Scope of the StandardEnforceable Rights and Obligations; The Five Contract Criteria; Example 1.1: Oral Contract; Example 1.2: Product Delivered, but No Written Contract Exists; Example 1.3: Contract Extension; Example 1.4: Meeting the Termination Criteria; Collectibility Threshold; Comparison with Legacy Guidance; Differences between IFRS and U.S. GAAP; Assessing Collectibility; Example 1.5: Assessing Collectibility-Implied Price Concession; Example 1.6: Assessing Collectibility-Meeting the Collectibility Threshold; Contract Recognition. Arrangements Where Contract Criteria Are Not MetExample 1.7: No Contract Exists-Accounting for Consideration Received; Reassessment; The Portfolio Approach and Combining Contracts; A Practical Expedient; Combination of Contracts Required; Assessing Collectibility of a Portfolio of Contracts; Identifying the Customer; Collaborative Arrangements; Example 1.8: Collaborative Arrangement; Arrangements with Multiple Parties; 2: Step 2-Identify the Performance Obligations; Overview; Promises in Contracts With Customers; Implicit Promises; Goods to Be Provided in the Future. 
<br/><br/><label>ISBN: </label>9781119351696 1119351693 1119351642 9781119351641 1119351685 9781119351689 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Revenue--Accounting.<br/>BUSINESS & ECONOMICS--Industrial Management.<br/>BUSINESS & ECONOMICS--Management.<br/>BUSINESS & ECONOMICS--Management Science.<br/>BUSINESS & ECONOMICS--Organizational Behavior.<br/>Revenue--Accounting.
<br/><br/><label>Index Terms--Genre/Form: </label><br/>Electronic books.
<br/><br/><label>LC Class. No.: </label>HF5681.R5 
<br/><br/><label>Dewey Class. No.: </label>658.15/54