{"product_id":"wiley-revenue-recognition-website-isbn-9781118776858","title":"Wiley Revenue Recognition, + Website","description":"\u003cb\u003eEverything you need to understand and implement the new converged FASB-IASB revenue recognition standard\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eWiley Revenue Recognition\u003c\/i\u003e provides an overview of the new revenue recognition standard and instructs financial statement preparers step-by-step through the new model, providing numerous, helpful application examples along the way. Readers will grasp the many new disclosures that will be required through the use of detailed explanations and useful samples, while electronic tools will be available to aid the preparer in implementing the standards and making the proper disclosures.\u003c\/p\u003e \u003cp\u003eThe Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are in the final stages of a decade-long project to clarify and converge revenue recognition standards. This new principles-based standard—which will affect the business practices of virtually every company worldwide—is designed to serve as one model applied consistently across most industries. This book guides professionals through the new standard.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers a full explanation of over forty topics superseded by the new standard\u003c\/li\u003e \u003cli\u003eIncludes digital ancillaries featuring measurement tools and GAAP and IFRS Disclosure Checklists\u003c\/li\u003e \u003cli\u003eProvides all the tools needed to implement the new revenue recognition standard\u003c\/li\u003e \u003cli\u003eCovers how the structure of contracts will be affected\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eWiley Revenue Recognition\u003c\/i\u003e is a trusted, authoritative guide to the new FASB-IASB revenue recognition standard for CPAs and financial professionals worldwide.\u003c\/p\u003e \u003cp\u003eExecutive Summary 1\u003c\/p\u003e \u003cp\u003e1 Step 1—Identify the Contract with the Customer 27\u003c\/p\u003e \u003cp\u003e2 Step 2—Identify the Performance Obligations 45\u003c\/p\u003e \u003cp\u003e3 Step 3—Determine the Transaction Price 59\u003c\/p\u003e \u003cp\u003e4 Step 4—Allocate the Transaction Price 85\u003c\/p\u003e \u003cp\u003e5 Step 5—Recognize Revenue When (Or As) the Entity Satisfies a Performance Obligation 101\u003c\/p\u003e \u003cp\u003e6 Other Issues 123\u003c\/p\u003e \u003cp\u003e7 Contract Costs 159\u003c\/p\u003e \u003cp\u003e8 Presentation and Disclosure 169\u003c\/p\u003e \u003cp\u003e9 Implementation Issues 191\u003c\/p\u003e \u003cp\u003eAbout the Companion Website 203\u003c\/p\u003e \u003cp\u003eIndex 205\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eJOANNE M. FLOOD, CPA-NY,\u003c\/b\u003e has 20 years' experience at the AICPA, managing, developing, and writing accounting and auditing training. She pioneered the AICPA's e-learning product line and developed the AICPA online IFRS Certificate Program. She has also had accounting experience at major corporate clients in retail, manufacturing, and finance, and at small business clients in construction, manufacturing, and professional services. She is the author of \u003ci\u003eWiley GAAP, Wiley GAAS,\u003c\/i\u003e and \u003ci\u003eWiley Financial Statement Disclosure Checklist\u003c\/i\u003e.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eEverything you need to understand and implement the new, converged FASB-IASB revenue recognition standard\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThe Financial Accounting Standards Board (FASB), and the International Accounting Standards Board (IASB) have completed a decade-long project to clarify and converge their revenue recognition standards. The new, unified, principles-based standard will serve as one model, applied consistently across most industries worldwide. \u003ci\u003eWiley Revenue Recognition\u003c\/i\u003e begins with an executive overview of the new standard and then walks you, step-by-step, through the new model, providing detailed explanations, graphic aids, and numerous application examples along the way. It also supplies: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eA list of the more than 200 separate FASB items and IASB standards and interpretations superseded by the new standard\u003c\/li\u003e \u003cli\u003eExclusive access to a website with digital ancillaries, featuring the latest technical developments, useful implementation tools, and GAAP and IFRS Disclosure Checklists\u003c\/li\u003e \u003cli\u003eAll the information, tips, and practice aids needed to implement the new revenue recognition standard\u003c\/li\u003e \u003cli\u003eIn-depth coverage of how companies should plan for implementation\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eWiley Revenue Recognition\u003c\/i\u003e is a trusted, authoritative guide to the new FASB-IASB revenue recognition standard for CPAs and financial professionals, worldwide.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990492725477,"sku":"NP9781118776858","price":95.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118776858.jpg?v=1761788046","url":"https:\/\/k12savings.com\/products\/wiley-revenue-recognition-website-isbn-9781118776858","provider":"K12savings","version":"1.0","type":"link"}