Welcome to 2018, everyone! Now that we’re done returning Christmas presents, watching college football, and prepaying this year’s property taxes, our thoughts turn to how the corporate compliance lan…


With the issuance of ASU 2014-09, Revenue from Contracts with Customers, SEC guidance requires both quantitative and qualitative disclosures of the expected impact of adopting the new revenue recognition
 
 


The Challenges of Accounting Change: A Q&A With KPMG’s Steve Thompson

 FEI Daily spoke with Steve Thompson, KPMG’s Advisory lead for Revenue Recognition and Marybeth Shamrock, KPMG’s Advisory lead for Leasing, following the release of KPMG’s 2017 Accounting Change survey results. In part one, we discuss implementation issues and why private companies in particular are falling behind.

One of the most significant departures from prior GAAP is the treatment of variable consideration. In the past, revenue could only be recognized in the amount of the fixed or determinable portion of …

 

New Revenue Recognition Standard-Part I, Introduction - Compliance Report

In this podcast, we provide an introduction to the new revenue recognition standard. In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue


The comments period may have ended, but changes are still coming to Accounting Standards Update (ASU), titled Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions…
 
As Audit teams start thinking about their 2018 plans, being able to identify new trends in emerging risk areas that threaten to disrupt enterprise performance over the next year is critical. This exp…

  

    
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