The accounting and finance industries have been abuzz with the recent changes to the Revenue Recognition standard. This new standard has been in the works for almost 15 years and represents one of the ...

Revenue recognition standards determine both how much and when revenue is recognized on the income statement. Any company keeping their financial statements under generally accepted accounting ...

So what are the basics that you need to know about the standard? Let’s take a look at them, starting with step No. 1 of its five-step process. 1. Determine whether you have a contract. (Translation: ...

Whether buying or selling a portfolio company or planning a future exit, it is critical that private equity groups understand the new revenue recognition standard. The new model can affect the timing ...

The new revenue recognition standard and the explosion in online sales are prompting some retailers to change the time at which e-commerce revenue is recognized from customer delivery to shipping ...

The revenue recognition standard that takes effect in December for public companies could pose challenges for technology businesses, particularly those relying on traditional subscription licenses, ...

Businesses want to maximize their revenue in the hope that more revenue will equal greater profits. However, just because a business receives payment does not mean that it can record the proceeds as ...

FASB’s new revenue recognition standard, FASB ASC Topic 606, Revenue From Contracts With Customers, is one of the most significant changes ever in U.S. GAAP. The new, principles-based standard ...

In 2016, the Financial Accounting Standards Board (FASB) released a new standard, ASC 606 - Revenue from Contracts with Customers. The new standard is effective for Dec. 31, 2019, financial statements ...

Fellow Irregulars Phil Wainewright and Jason Corsello are batting around the implementation services revenue recognition issue following Taleo's restatement of earnings. Phil uses it as a reason to ...

Workday is betting that a new revenue recognition standard to be adopted over the next year or so will be a catalyst to highlight financial systems based in the cloud. When Workday reported its fourth ...

There are many industries where companies provide goods or services but aren’t immediately paid for them. From an accrual basis accounting standpoint, these represent accrued revenue for the company.