When Should a Company Recognize Revenues on Its Books?

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

Challenges to consider in auditing revenue recognition

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 ...
Accounting Today

Revenue recognition standard forces changes at retailers

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 ...
Accounting Today

Revenue Recognition

The Financial Accounting Standards Board, which continues to field criticism that it acts too slowly to issue and update accounting standards, sent out a notice this week announcing the formation of a ...
Compliance Week

Accounting leaders need a wake-up call on revenue recognition

With 18 months remaining until all companies are required to report revenue following hundreds of pages of new accounting guidance, accounting leaders are a little stumped on why companies aren’t ...
JournalofAccountancy

How auditors can stay independent while advising on revenue recognition

One of the most difficult challenges for some auditors as 2019 comes to an end is maintaining their independence amid the frustration and confusion of their clients over the implementation of FASB’s ...
Crain's New York

Revenue recognition implementation for a private company

In a recent webinar poll 1, approximately 5,400 participants spanning multiple industries and at varying job levels responded to questions on implementation readiness, anticipated challenges, and how ...
Entrepreneur

What Is the Difference Between the Revenue Recognition Principle and the Expense Matching Principle?

What Is the Difference Between the Revenue Recognition Principle and the Expense Matching Principle? Understand the uses of these two core principles. The revenue recognition principle is a ...
Compliance Week

All Revenue Recognition articles – Page 8

The SEC is cautioning companies hoping for help from their auditors in adopting the new revenue recognition standard. They are limited by independence rules. Companies working to implement the new ...

Percentage of Completion vs. Completed Contract: Key Accounting Differences

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

Recurly Enhances Revenue Recognition Solution, Helping Subscription Businesses Automate Complex Accounting Processes

SAN FRANCISCO--(BUSINESS WIRE)--Recurly, Inc., a leading subscription management and billing platform for high-growth brands, has announced an agreement to acquire LeapRev, a global revenue ...