ASC

Concept

revenue standard transition

Referenced in 1 subtopic across 1 area.

Revenue1

  1. 605-924Entertainment—Casinos605 Revenue Recognition

    ASC 605-924 formerly contained the industry-specific revenue recognition guidance for casinos (gaming revenue, casino jackpot liabilities, and related presentation). Every substantive paragraph has been superseded by ASU 2014-09, so the subtopic carries no remaining guidance. Casino revenue is now accounted for under ASC 606, with any surviving industry considerations in ASC 924 and ASC 606-10-55.