Staff Accounting Bulletin 101
Summary:
This staff accounting bulletin summarizes certain of the
staff's views in applying generally accepted accounting
principles to revenue recognition in financial statements.
The staff is providing this guidance due, in part, to the
large number of revenue recognition issues that
registrants encounter. For example, a March 1999 report
entitled Fraudulent Financial Reporting: 1987-1997 An
Analysis of U. S. Public Companies, sponsored by the
Committee of Sponsoring Organizations (COSO) of the
Treadway Commission, indicated that over half of financial
reporting frauds in the study involved overstating
revenue. |
Staff Accounting Bulletin 101 FAQ’s
Summary:
Since the issuance of SAB 101, the
staff has received inquiries from auditors, preparers, and
analysts about how the guidance in accounting standards
and SAB 101 would apply to particular transactions. This
document responds to those inquiries. The staff worked
with accounting firms and preparers to identify the
recurring questions and develop answers to those
questions. |
SOP 97-2, Software Revenue Recognition Questions and
Answers
Summary:
The AICPA staff, helped by
industry experts, released a fourth set of technical
questions and answers (Q&As) on financial accounting and
reporting issues related to Statement of Position (SOP)
97-2, Software Revenue Recognition. The fourth
set (TPAs 5100.60 through 5100.69) was released on
December 29, 2000. For the convenience of interested
parties, the fourth set of Q&As are included with
previously released Q&As. The staff may continue to issue
Q&As on software revenue as issues arise. Q&As will be
housed in the AICPA publication titled Technical
Practice Aids, copies of which are available through
the AICPA order department at (888) 777-7077. In addition,
the Q&As will be placed in the accounting standards part
of the AICPA Web site (www.aicpa.org/members/div/acctstd/general/othitem.htm).
Questions on these Q&As may be sent to Dan Noll via e-mail
(dnoll@aicpa.org). |
SOP 97-2, Software Revenue Recognition, as Affected by SOP
98-4
Summary:
Booklet to help you understand and
successfully implement SOP 97-2, as amended. |
Accounting for the Costs of Computer Software Developed or
Obtained for Internal Use — Statement Position 98-1
Summary:
Booklet to assist you in adopting
the new rules. It addresses the provisions of the SOP and
key management implementation considerations. |
The User-Friendly Guide to Understanding Software Revenue
Recognition
Summary:
PWC "Guide" is available free of
charge. To order call toll-free number, 1-888-609-7117.
The code for this book is GTI201. |
SEC and EITF Initiatives on Internet Accounting
Summary:
The CPA Journal |
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Internet Accounting Issues - A Summary |
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