Oct 7, 2019 | CFO Essentials, Revenue Recognition
Financial statements were once primarily based on historical costs. However, under certain circumstances, fair value accounting is the reporting standard required by the Financial Accounting Standards Board (FASB). Fair value is defined as “the price that would...
Feb 15, 2019 | Public & Investor Backed, Revenue Recognition, Valuation
by Frances Franco and Ed Schenkein Effective for fiscal years starting December 15, 2018 private companies are required to adopt a new standard on revenue recognition, “Revenue from Contracts with Customers” ASC Topic 606 (“Topic 606”). “The core principle of the...
Jan 30, 2019 | Audit, Center for Public Company Excellence, Revenue Recognition
On May 28, 2014, the Financial Accounting Standards Board (FASB) issued accounting standards update on revenue recognition, Revenue from Contracts with Customers (Topic 606). The guidance in the revenue recognition standard update affects entities that enter into...
Jan 15, 2019 | Audit, Public & Investor Backed, Revenue Recognition
On May 28, 2014, the Financial Accounting Standards Board (FASB) issued accounting standards update on revenue recognition, Revenue from Contracts with Customers (Topic 606). The guidance in the revenue recognition standard update affects entities that enter into...
Aug 17, 2018 | Center for Public Company Excellence, PublicCo Podcast, Revenue Recognition
Amanda Schlank, Director Amanda Schlank, Audit and Assurance Director based in SingerLewak’s Westwood office, sits down to discuss the fundamentals of revenue recognition, and why it is important to your business. Listen to the full episode...
Feb 5, 2018 | CFO Essentials, Revenue Recognition
Due to the importance of the new revenue recognition standard, and its potential to have a pervasive impact on the financial statements, the implementation plan is bound to be complex. Companies going through this process should be careful in planning. The six areas...
