The American Institute of CPAs has been producing guidance for how different industries can deal with the new revenue recognition standard that will be taking effect at the end of the year, along with ...

As preparers work on implementing a new revenue recognition standard, the SEC is eager to see companies achieve consistency and comparability in the future once transition is complete. The new ...

A business that uses the accrual basis of accounting recognizes revenue and expenses in the accounting period in which they are earned or incurred, regardless of when payment occurs. This differs from ...

Changes to revenue recognition and lease accounting represent two of the most significant developments in financial reporting in recent years.

All transaction participants need to be on the same page when it comes to the accounting rules that are applied to the preparation of financial information. This article was published on June 22, 2017 ...

The Financial Accounting Standards Board and the International Accounting Standards Board have jointly published a draft standard to improve and align the financial reporting of revenue from contracts ...

Lara Long, CPA, never would have imagined five years ago that she soon would be in a room with some of her company’s biggest competitors and broader industry peers, talking candidly and transparently ...

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 ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. There has been a lot of chatter regarding changes in ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The accounting and finance industries have been abuzz with ...

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 ...

Any small business that publishes financial statements must prepare those statements in accordance with generally accepted accounting principles, or GAAP. GAAP includes accounting principles and ...