Revenue recognition comparison | LocalGAAP

Frame contract, performance, pricing, timing, modification, presentation, and disclosure questions across the selected local reporting routes without assuming equivalence.

Public scope

Structured context for people and machine readers.

This is a public product and knowledge surface. Illustrative workflows do not establish a professional conclusion, legal or tax advice, guaranteed outcome, or live customer implementation.

  • Contract and customer perimeter
  • Promises and unit of account
  • Price and variable consideration
  • Timing and progress evidence
  • Modifications and contract changes
  • Presentation and disclosure mapping

Public knowledge 01

Four-jurisdiction authority and source boundary

  1. 01

    United States: FASB — U.S. GAAP revenue topic route — https://fasb.org/standards

  2. 02

    United Kingdom: Financial Reporting Council — FRS 102 revenue source route — https://www.frc.org.uk/library/standards-codes-policy/accounting-and-reporting/uk-accounting-standards/frs-102/

  3. 03

    Canada: Accounting Standards Board — IFRS 15 or ASPE Section 3400 route after entity classification — https://www.frascanada.ca/en

  4. 04

    Australia: Australian Accounting Standards Board — AASB 15 route with entity and NFP context review — https://standards.aasb.gov.au/

  5. 05

    Source status: Four routes · entity and effective-period review

  6. 06

    High-level workflow summary only; licensed standards are not reproduced.

Public knowledge 02

Decision areas

  1. 01

    Contract and customer perimeter

  2. 02

    Promises and unit of account

  3. 03

    Price and variable consideration

  4. 04

    Timing and progress evidence

  5. 05

    Modifications and contract changes

  6. 06

    Presentation and disclosure mapping

Public knowledge 03

Authority-to-group path

  1. 01

    Official U.S., UK, Canada, and Australia sources

  2. 02

    Entity facts, entity class, and reporting purpose

  3. 03

    Separate qualified local decisions

  4. 04

    Non-equivalence record

  5. 05

    Group impact and separate approval

Public knowledge 04

Professional-review boundary

  1. 01

    This public product preview uses illustrative entity, source, comparison, evidence, group-policy, mapping, disclosure, and review records. It does not reproduce licensed standards, maintain a live accounting database, determine applicable GAAP, make accounting or legal conclusions, post adjustments, or replace current authoritative sources and qualified professional review.

  2. 02

    A comparison record cannot approve a local position, establish group policy, or authorize an adjustment.

Reading path

LLM-readable guide

Compact identity, scope, claims boundary, key URLs, and contact path.

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