The New Revenue Recognition Standard — Analysis & Application II (Portfolio 5099)

Bloomberg Tax and Accounting Portfolio 5099, The New Revenue Standard – Analysis & Application II, is designed to be used in conjunction with Accounting Policy & Practice Portfolio, The New Revenue Standard – Analysis & Application I. Together, these Portfolios provide a detailed analysis of the new revenue recognition standard (ASU 2014-09 and IFRS 15).

Bloomberg Tax and Accounting Portfolio 5099, The New Revenue Standard – Analysis & Application II includes an introduction to the new approach and a detailed discussion of the last two steps in the new revenue recognition model (allocating transaction price and recognizing revenue when (or as) a performance obligation is satisfied). The Portfolio also includes detailed analysis of the new guidance on accounting for licenses and other special types of transactions, the guidance on accounting for costs in a contract with a customer, the presentation rules in the new guidance, the new disclosure requirements and the effective date and transition guidance. The Portfolio also includes guidance on preparing for implementation of the new standard. The Portfolio includes analysis of the new rules as well as the ongoing efforts of the TRG and the FASB and IASB to clarify issues that have arisen with respect to the new guidance. The Portfolio provides a comparison to current U.S. GAAP, when relevant, and discussion of the Boards’ Basis for Conclusions.

Bloomberg Tax and Accounting Portfolio 5098, The New Revenue Standard – Analysis & Application I discusses the history of the new standard, the changes that have been made to the Codification, the scope of the standard, and the first three steps in the new revenue recognition model (identifying the contract, identifying performance obligations and determining transaction price).

This Portfolio may be cited as Bloomberg Tax and Accounting Portfolio 5099, Rivera & Starczewski, The New Revenue Standard – Analysis & Application II.