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New revenue standard – Industry impacts: Hospitality

Jul 16, 2019 · 311.7 KB Download

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The New Revenue Recognition Standard Industry Impacts: Hospitality from the Center for Plain English Accounting (CPEA) examines the effect of FASB ASC 606 on the hospitality industry. As part of the CPEA FASB ASC 606: Revenue Recognition Series, this report explores how the five-step revenue model reshapes financial reporting across the diverse hospitality sector. Implementing FASB ASC 606 in the hospitality industry requires careful consideration of each step of the revenue recognition model.

Part of the CPEA FASB ASC 606:

Download the CPEA report: New revenue standard – Industry impacts: Hospitality

File name: cpea-report-July-2019-new-revenue-standard-industry-impacts-hospitality.pdf

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Topics

Accounting & Financial Reporting
Audit & Assurance
Firm Practice Management

Subtopics

Center for Plain English Accounting
Revenue Recognition
Revenue Recognition Audit Implications
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