To assist entities in applying the revenue recognition model in Topic 606, Revenue from Contracts with Customers, of the Financial Accounting Standards Board’s Accounting Standards Codification that are most relevant to their industries, the following white papers have been updated:

• Revenue recognition for industrial entities
• Revenue recognition in the consumer products industry
• Revenue recognition for franchisors
• Revenue recognition considerations for member-owned private clubs
• Revenue recognition considerations for not-for-profit organizations

For additional information about all of the revenue recognition guidance, including those aspects discussed in these white papers, as well as numerous examples illustrating how to apply the guidance, refer to RSM’s guide to revenue recognition.

This article was written by RSM US LLP and originally appeared on 2023-09-29.
2022 RSM US LLP. All rights reserved.
https://rsmus.com/insights/financial-reporting/industry-revenue-recognition-white-papers-updated.html

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