JOANNE M. FLOOD, CPA-NY, has 20 years' experience at the AICPA, managing, developing, and writing accounting and auditing training. She pioneered the AICPA's e-learning product line and developed the AICPA online IFRS Certificate Program. She has also had accounting experience at major corporate clients in retail, manufacturing, and finance, and at small business clients in construction, manufacturing, and professional services. She is the author of Wiley GAAP, Wiley GAAS, and Wiley Financial Statement Disclosure Checklist.

• Executive Summary 11 Step 1—Identify the Contract with the Customer 272 Step 2—Identify the Performance Obligations 453 Step 3—Determine the Transaction Price 594 Step 4—Allocate the Transaction Price 855 Step 5—Recognize Revenue When (Or As) the Entity Satisfies a Performance Obligation 1016 Other Issues 1237 Contract Costs 1598 Presentation and Disclosure 1699 Implementation Issues 191About the Companion Website 203Index 205

JOANNE M. FLOOD, CPA-NY, has 20 years' experience at the AICPA, managing, developing, and writing accounting and auditing training. She pioneered the AICPA's e-learning product line and developed the AICPA online IFRS Certificate Program. She has also had accounting experience at major corporate clients in retail, manufacturing, and finance, and at small business clients in construction, manufacturing, and professional services. She is the author of Wiley GAAP, Wiley GAAS, and Wiley Financial Statement Disclosure Checklist.

• Executive Summary 11 Step 1—Identify the Contract with the Customer 272 Step 2—Identify the Performance Obligations 453 Step 3—Determine the Transaction Price 594 Step 4—Allocate the Transaction Price 855 Step 5—Recognize Revenue When (Or As) the Entity Satisfies a Performance Obligation 1016 Other Issues 1237 Contract Costs 1598 Presentation and Disclosure 1699 Implementation Issues 191About the Companion Website 203Index 205

JOANNE M. FLOOD, CPA-NY, has 20 years' experience at the AICPA, managing, developing, and writing accounting and auditing training. She pioneered the AICPA's e-learning product line and developed the AICPA online IFRS Certificate Program. She has also had accounting experience at major corporate clients in retail, manufacturing, and finance, and at small business clients in construction, manufacturing, and professional services. She is the author of Wiley GAAP, Wiley GAAS, and Wiley Financial Statement Disclosure Checklist.

• Executive Summary 11 Step 1—Identify the Contract with the Customer 272 Step 2—Identify the Performance Obligations 453 Step 3—Determine the Transaction Price 594 Step 4—Allocate the Transaction Price 855 Step 5—Recognize Revenue When (Or As) the Entity Satisfies a Performance Obligation 1016 Other Issues 1237 Contract Costs 1598 Presentation and Disclosure 1699 Implementation Issues 191About the Companion Website 203Index 205