AICPA Revenue Recognition Guide

The AICPA Revenue Recognition Guide provides professional standards for how businesses should record revenue—that is, income from their goods or services—accurately and consistently. It outlines when and how revenue should be recognized in financial statements, ensuring transparency and comparability. The guide emphasizes principles such as delivering promised goods or services, determining transaction prices, and reflecting the timing of revenue recognition. Its purpose is to help organizations apply best practices so stakeholders can trust their financial reports reflect true economic activities.