Learn the two GAAP criteria for revenue recognition and how companies can accurately report on their financial statements ...

Statement of Position (SOP) 97-2 provides guidance on applying GAAP in recognizing revenue from software and software-related transactions. The SOP provides instruction on recognition for licensing, ...

he courts have uniformly held that generally accepted accounting principles (GAAP) are not determinative of tax rules. Whether a taxpayer recognized income for financial statement purposes is ...

Learn the differences between the percentage of completion and completed contract methods. Discover how each impacts revenue ...

NEW YORK--(BUSINESS WIRE)--Tabs, an AI-powered billing and financial operations platform for B2B businesses, is today announcing the launch of its Revenue Recognition product, a powerful addition to ...

(Reuters) -Medical equipment maker Gerresheimer said it has obtained the initial findings from an investigation by an external law firm into the recognition of revenue and profit from bill-and-hold ...

"RevRec360™ is a natural extension of our platform's mission—to help businesses eliminate operational inefficiencies and maintain complete control over their revenue lifecycle," said JK Chelladurai, ...

On April 30, 2024, the Internal Revenue Service (IRS) released Rev. Proc. 2024-23, List of Automatic Changes, which provides the list of tax accounting method changes a taxpayer may file under the IRS ...