The accounting literature replaced by the FASB Codification includes the FASB Financial Accounting Standards (FASs), FASB Interpretations (FINs), FASB Technical Bulletins (FTBs), FASB Staff Positions (FSPs), FASB Staff Implementation Guidelines (Q&As), Emerging Issues Task Force Abstracts, Emerging Issues Task Force Topic D, Derivative Implementation Group Issues (DIG), Accounting Principles Board Opinions (APBs), Accounting Research Bulletins (ARBs), Accounting Interpretations (AINs), the American Institute of Certified Public Accountants (the "AICPA") Accounting Statements of Position (SOPs), AICPA Audit and Accounting Guides (AAGs) - incremental accounting guidance, AICPA Practice Bulletins (PBs) and AICPA Technical Inquiry Service (TIS) - for software revenue recognition.
104 Revenue Recognition and Emerging Issues Task Force (EITF) Issue 00-21 Revenue Arrangements With Multiple Deliverables, and has resulted in the need to defer certain previously recognized revenue and direct cost amounts into future periods.
For additional reference, there is a topical index to data addressed in the Original Pronouncements and Current Text, Issues Examined by the Emerging Issues Task Force (EITF), and the FASB's question-and-answer Special Reports.
It codified all standards issued by a standard-setter within levels A through D of the pre-Codification GAAP hierarchy, as follows: Financial Accounting Standards Board (FASB) * Statements (FAS) * Interpretations (FIN) * Technical Bulletins (FTB) * Staff Positions (FSP) * Staff Implementation Guides (Q&A) Emerging Issues Task Force (EITF) * Abstracts * Appendix D Topics Derivative Implementation Group (DIG) Issues Accounting Principles Board (APB) Opinions Accounting Research Bulletins (ARB) Accounting Interpretations (AIN) American Institute of Certified Public Accountants (AICPA) * Statements of Position (SOP) * Audit and Accounting Guides (AAG)--only incremental accounting guidance * Practice Bulletins (PB) * Technical Inquiry Service (TIS)--only for Software Revenue Recognition.
The board decided that, in the interim while the standard is being developed, the Emerging Issues Task Force should continue to provide guidance on issues of revenue recognition based on the existing authoritative literature.
