Updated white paper: Revenue recognition in the insurance industry
FINANCIAL REPORTING INSIGHTS |
We have issued an updated version of our white paper, Changes to revenue recognition impacting insurance entities, to further assist entities in the insurance industry in applying the new revenue recognition model in Topic 606, “Revenue from Contracts with Customers,” of the Financial Accounting Standards Board’s Accounting Standards Codification (ASC). The white paper has been updated for recent activities, including guidance issued by the American Institute of Certified Public Accountants Insurance Entities Revenue Recognition Task Force.
For more information regarding ASC 606, visit our Revenue Recognition Resource Center.