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Revenue Accounting Resources

Welcome to our favorite stash

Here is a hand picked selection of revenue recognition resources we've found the most useful while decoding how the new standard works. Enjoy nerding out!

ASC 606/IFRS 15: Big 4 Firm Interpretation Guides

KPMG


  • ASC 606 Handbook (General) (Dec 2024, 1,031 pages)
  • Software and SaaS ASC 606 Guide (Feb 2025, 767 pages)
  • 2021 AICPA Conference on current SEC and PCOAB Issues (Dec 2021, 26 Pages)
  • 2020 AICPA Conference on current SEC & PCAOB Issues (Dec 2020, 21 Pages)  
  • Russia-Ukraine war (March 2022, 11 pages)
  • SEC comments ASC 606 early adopters (March 2018, 3 pages)
  • Revenue Standard: Potential Tax Changes (May, 2017, 7 pages) 
  • Revenue Transition Options (June 2016, 46 pages)
  • Illustrative Disclosures ASC 606 (May 2016, 90 pages)
  • Business Combinations Recognition of Assumed Liabilities under 606 (June 2018, 6 pages) 
  • Cloud Computing Costs: IFRS compared to US GAAP  (June 2019)  
  • KPMG Credit Impairment under ASC 342 (Mar 2020, 488 pages)


Ernst & Young


  • FRD ASC 606 - Comprehensive Guide (Sept 2024, 470 pages) 
  • Revenue Contracts Acquired in a Business Combination (Jan 2022, 18 Pages)
  • How the revenue standard affects telecommunication entities (Jul 15, 2022, 18 pages)
  •  2021 AICPA & CIMA Conference on SEC and PCAOB Developments (Dec 2021,19 pages)
  • IFRS 15 Revenue from Contracts with Customers (Oct 2017, 333 pages)
  • Income tax impact considerations (July 2017, 7 pages)
  • Common challenges of implementing the new standard (Aug 2017, 15 pages)
  • FASB clarifies the guidance on collaborative arrangements (Nov 2018, 4 pages)
  • EITF Addressing Modifications of IP Licenses (May 2019, 4 pages) 

How the revenue standard affects:

  • Technology companies (Software, SaaS) (July 2020, 70 pages)
  • Telecommunication entities (Jul 15, 2022, 18 pages)
  • Retail and consumer products (April 2024, 31 pages)
  • Media and entertainment (August 2019, 31 pages)
  • Health Care entities (Dec 2023, 14 pages)


  • Accounting and reporting for the effect of the coronavirus outbreak (March 2020, 13 pages)
  • Revenue Considerations for the effects of COVID-19 (July 2020, 10 pages)
  • Credit impairment for short term receivables under ASC 326 ( Sept 2022, 73 pages)
  • Credit impairment under ASC 326 (Jan 2020, 291 pages)


PwC

  • Revenue with Contracts with Customers (Mar 2025, 259 pages)
  • Rev Rec Q&A Guide for Software and SaaS (2021, 24 Pages)
  • Accounting for Acquired contract assets and liabilities (Oct 2021, 4 pages) 
  • Financial statement presentation ( Aug 2020, 857 pages) 
  • SEC Comment Letter Observations on the new revenue standard (Nov 2018, 14 pages)
  • Implementation technology sector (April 2017, 26 pages)
  • How the new revenue standard affects Tech Sector M&A deals (Jan 2017, 5 pages)
  • FAQs about SEC Reporting and Transition  (Aug 2017, 9 pages)  
  • SEC 2016 comment letter and disclosure trends, Technology (Nov 2016, 39 pages)
  • Loans and Investment Guide "CECL" (Mar 2020, 282 pages)



Deloitte

  • New Revenue Standard Roadmap (Nov 2024, 846 pages)
  • Technology Industry Accounting Guide (March 2023, 391 pages)
  • Healthtech Industry Accounting Guide (April 2024, 105 pages)
  • On the Radar Revenue Recognition (December 2023, 7 pages)

Tech Spotlight/Alerts: Challenges Associated With Applying the New Revenue Standard 

  • Applying the Revenue Standard to Cloud Conversion or Switching Rights (June 2021, 16 pages)
  • Applying the Revenue Standard to Identify the Performance Obligations in Arrangements That Include Smart Devices, Updates, and Cloud-Based Services (April 2021) 
  • Accounting for Cloud-Based or Hosted Software Arrangements With Variable Consideration (Dec 2019, 12 pages)
  • Accounting for Implementation Services Related to a Cloud-Based or Hosted Software Arrangement (Nov, 2019, 5 pages) 
  • Blend-and-Extend Modifications Related to a Cloud-Based or Hosted Software Arrangement (Dec 2019, 4 pages) 
  • Identifying the Performance Obligations in a Hybrid Cloud-Based Arrangement (Dec 2019, 7 pages)
  • Revenue Recognition - Contract Modifications (June 2020, 9 pages)
  • Technology Alert - Estimating Stand Alone Selling Price for term licenses and PCS (Feb 2019, 9 pages)

Other 

  • Financial Reporting Considerations Arising from the Russia-Ukraine War (Mar 10, 2022, website) 
  • 2020 AICPA Conference on Current SEC and PCAOB Developments (link)
  • Observations from a Review of Public Filings by early adopters (Jan 2018, 13 pages)
  • Internal Control Considerations (May 9, 2017, 12 pages)
  • Roadmap: Current Expected Credit Losses (May 2024, 217 pages)


Revenue Hub.org 

Collaboration Project between BYU & Connor Group. ASC 606 Interpretations from Big 4 Firms are written in 'plain english" with examples from SEC filings 


Standard Setters

Transition Resource Group "TRG" Meeting Materials (link to webpage)


FASB Standard and Basis 

  • Revenue Implementation Q&A ( 2020, 191 pages)
  • Revenue from Contracts with Customers and Other Assets and Deferred Costs—Contracts with Customers (Subtopic 340-40) (ASU 2014-09, Section A, 156 pages)
  • Basis of Conclusions (ASU 2014-09, Section C, 193 pages)


  • ASC 326 Financial Instruments and Credit Losses ( ASU 2019-11, 34 pages) 


ASC 606 - Subsequent Updates 

 

  • ASU 2017-13 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments  (SEC Update)
  • ASU 2016-20  Technical corrections and improvements to ASC 606
  • ASU 2016-12  Narrow-scope improvements and practical expedients
  • ASU 2016-10  Identifying performance obligations and licensing
  • ASU 2016-08  Principal versus agent considerations (reporting revenue gross versus net)


  • ASU 2016-13 Financial Instruments - Credit Losses i.e. valuation of AR (June 2016, 291 pages)  
  • ASU 2018-18 Clarifying the Interaction between Collaborative Arrangements (Topic 808) and ASC 606 (Nov 2018, 37 pages)
  • ASU 2018-15   Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement (34 pages, Aug 2018)
  • EITF 18-A  Recognition under Topic 805 for an Assumed Liability in a Revenue Contract i.e. business acquisitions (In progress)


PCAOB

  • Practice Alert 15:  Auditing Revenue from Contracts with Customers (Oct,  2017, 20 pages) 


AICPA Dec 2020 Conference 

  • KPMG 2020 AICPA Conference on current SEC & PCAOB Issues (Dec 2020, 21 Pages) 
  • Deloitte:  2020 AICPA Conference on Current SEC and PCAOB Developments ( website link) 




Investors & Analyst Views

  • Netsuite:  Rev Rec Series 3: Wall Street's Take on ASC 606 (April 2017, 48:30)       
  • KPMG: Investor Perspectives on ASC 606 for Software and SaaS (May 2017, 3 pages) 
  • KPMG: Data driven approach to decision making - SaaS Metrics (Sept 2020, 75 Pages) 

Other Topics

ASC 605: Legacy Revenue Standard 

  • EY: FRD - ASC 605 Software Revenue Recognition (Sept 2020, 421 pages)
  • EY: FRD - ASC 605 Rev Rec Multiple element arrangements (Sept 2019, 114 pages)


Cloud Computing Costs

  • EY: Accounting for implementation costs in cloud computing arrangements (Sept 2018, 6 pages)
  • KPMG: Customer's accounting for cloud arrangements ASC 350-40 (May 2020, 15 pages)
  • Deloitte:  Scoping Considerations When Accounting for Software and Software-Related Costs (June 2020, 16 pages) 
  • Deloitte: Accounting for Costs Incurred in the Application of Agile Software Development (May 2020, 7 pages) 
  • PwC: Property Plant and Equipment and other Assets - (Capitalized Software Oct 2020, 287 pages)


Leases

  • KPMG: Leases Handbook (Mar 2020, 1,168 pages)
  • EY: Leases FRD (Aug 2020, 361 pages) 


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