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Technical Line - How the new revenue recognition standard affects automotive entities


Our Technical Line highlights key implications of the new revenue standard for automotive entities. This publication has been updated to address issues related to identifying the contract with a customer, recognizing revenue at a point in time or over time and accounting for customer options for additional goods or services, pre-production and tooling activities and consideration payable to a customer. It supplements our Financial reporting developments (FRD) publication, Revenue from contracts with customers (ASC 606), and should be read in conjunction with it.

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