Latest Revenue Recognition News

Latest Revenue Recognition Headlines

 

SEC to Give Companies Time to Adjust to New Revenue Rules

By Dusty Stallings, Partner, Accounting Advisory, and John Toriello, Deals Partner Accounting considerations aren’t often top-of-mind for deal makers, but 2018 may be different. This will be the firs…
 
 
 

Accounting News Roundup: Slow-walking Revenue Recognition and Poor Millennials | 11.15.17 - Going Concern

People have been dreading the new revenue recognition rules that go into effect later this year for a while now. FASB delayed the rule once and, sure, maybe the extra time was necessary, but it also …


 
Starting in January, public software companies will report their financials using ASC 606. Normally, accounting changes are not that interesting, but ASC 606 will change several of the key attributes…
 
 
 
 

 

ASC 606 stands for Accounting Standards Codification (ASC) as Topic 606: Revenue from Contracts with Customers. ASC 606 is a new revenue recognition standard that has been put into place to improve t…
 

ASC 606: Beyond Compliance - Navigate

In less than two months, all public companies will need to be in compliance with the new accounting standard, ASC 606, Revenue From Contracts With Customers. As we’ve been sharing guidance over the p…
 
ASC 606 is a new United States standard for revenue recognition (outside of the U.S., this standard has also been introduced as IFRS 15) that redefines when and how companies can define their revenue…
 
 
 
Denizens of the world of corporate finance can be forgiven for seeming even more frazzled than usual. We are on the cusp of a landscape-altering change in how revenue is recognized, in the form of th
 

 

The New Revenue Recognition Changes:Why You Should Care Now

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 – Revenue from Contracts with Customers in May of 2014, and it’s set to take effect in two years. This s…
 
 
 
 
 
In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers,” (“ASU 2014-09”). ASU 2014-09 outlines a new, single comprehensive model for enti…
 
Revenue recognition standards are changing, and the move will certainly affect organizations. But before we know the ‘how’ and ‘why’, it is very crucial to learn about the fundamentals. What do you g
 
 
 
“We’re not as far along as we’d like to be.” That’s the prevailing sentiment from most of the organizations we’ve talked to about revenue recognition implementation. Yet, when we look at the steps th…
 
 
 
CFA Institute recently published Revenue Recognition Changes: Key Judgments and Implementation Progress, which reviews the reported results of several early adopters of the revised revenue recognitio…

 

 

How did one company use Big Data to reduce payment defaults and improve revenue recognition? Credit risk management is a top priority for many financial companies, for both ROI and regulatory reasons
 
 

Is that Gift Conditional?

Financial statement information should be complete, true and accurate. Achieving that objective can be challenging, especially when a not-for-profit organization (NFP) receives gifts, conditional gif…
 
 
 
 
This a busy time for corporate accounting teams. The new revenue recognition standard issued jointly by the International Accounting Standards Board (IASB) and the US Financial Accounting Standards B…
 
 
 
 
 
37 percent of finance executives are unsure if their company has sufficient internal controls over the transition to the new standard. Recognizing revenue in the ‘new’ accounting standard ASC 606…
 

Are You Ready for "New GAAP" Revenue Recognition? SEC Disclosure Considerations | JD Supra

"NEW GAAP" REVENUE RECOGNITION In 2014, the U.S. Financial Accounting Standards Board ("FASB") issued new revenue standards under Accounting Standards Codification 
 
As part of our ongoing continuous accounting series, in this blog we’ll cover how you can prepare your organization and financial close process for the upcoming revenue accounting changes of.. 
 
 

Companies struggling with new FASB revenue recognition rule

The cutoff for complying with the Financial Accounting Standards Board's (FASB) new revenue recognition standard is less than three months away and companies are struggling to meet the …
 
 
The impacts of ASC 606 are broad and significant. A particular area of confusion surrounds when companies are to recognize revenue on term-licensing contracts that also include maintenance and update…

 

Though the market for initial public offerings has been improving, it may hit another speed bump as most companies are not prepared to comply with new accounting rules.
 
 
  
    
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