Revenue Recognition Alarm

Revenue Recognition Standards – Are You Ready?

One of the broadest changes to US (and international) accounting GAAP is upon us. The new Revenue Recognition requirements (FASB/ASC 606 & IFRS 15) take effect as soon as January 2018 for calendar year-end public companies, and January 2019 for all others (Non-Public/Not for Profit). Sound the alarm because this is a big deal.   […]

Revenue Recognition Topic 606

Revenue Recognition: Adopting the New Standard

Revenue is one of the most important measures used by investors in assessing a company’s performance and prospects. Presently, generally accepted accounting principles (GAAP) requires complex and disparate revenue recognition calculations within industries where revenue recognition is tied to contracts, including, for example, software and real estate. As a result, different industries use different accounting […]