Revenue recognition

The commission has accused California-based VMware of running a scheme that used license key delays as its mechanism.

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination.

Chargebee, a subscription billing and revenue management software company, has bought RevLock, a revenue recognition software developer.

The commission said the sports apparel company booked revenues earlier than it should have because it was at risk of missing analyst estimates.

Trullion's software uses artificial intelligence to read unstructured data and translate it into real-time financial reports.

The Financial Accounting Standards Board released an accounting standards update Thursday, giving franchisors a practical expedient way to determine their performance obligations under a franchise agreement.

The Securities and Exchange Commission has been launching enforcement actions against various types of financial fraud schemes, with improper revenue recognition seen as the most common type of fraud, according to a new analysis.

The Financial Accounting Standards Board is offering a practical expedient to the current revenue recognition rules for franchise businesses.

The Financial Accounting Standards Board released an accounting standards update providing a one-year effective date delay for private companies and organizations to apply the revenue recognition and leases standards due to COVID-19, although they still have the option to apply the standards early.

The board voted Wednesday to give private companies and not-for-profit organizations an extra year to comply with the revenue recognition and leases standards.

The proposal would delay the effective date for one year for some private companies and nonprofits in applying the leases standard and for franchisor businesses in applying the revenue recognition standard.

Tod Nielsen is looking back on a year of revenue growth and leveraging his company’s relationship with Salesforce to add more features to FinancialForce's accounting software and attract customers.

Average audit fees increased 4.25 percent from 2017 to 2018, according to a new report.

CPAs should be wary of these seven client requests around revenue recognition.

Auditing costs are going up for companies, in part due to new accounting standards for revenue recognition and leases, according to a new survey.

The changes mainly reflect application of the new lease accounting standard for casinos with wide area progressive slot machines.

Under Armour Inc. shares plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years, bringing a fresh headache to investors just as the sports brand prepares for a CEO transition.

HSBC Holdings Plc’s auditors cautioned top executives that pressure to meet earnings targets gave managers an incentive to massage their numbers.

The embattled National Rifle Association reported some good news this year: Revenue from membership dues jumped 33 percent last year to $170 million. But that picture may not be as rosy as those numbers suggest.

The Securities and Exchange Commission is paying extra attention to the way public companies are adhering to the new rev rec standard.