Revenue recognition

The update clarifies the guidance on the interaction between some types of collaborative arrangements and the new revenue recognition standard.

The staff paper aims to help private company franchises implement the new accounting standard by offering them practical examples.

The vast majority of S&P 500 issuers are using the modified retrospective method of adopting the new rules.

Last month a very strange thing happened.

In Larry Culp’s first earnings day as CEO, the company revealed an expanded federal probe into its accounting.

The underlying challenges are becoming more apparent in comment letters from the Securities and Exchange Commission.

The new revenue recognition standard doesn’t only affect publicly traded corporations and large privately held companies. It could have an impact on small businesses, particularly if they hope to obtain bank loans next year.

FloQast, a provider of close management software, is eyeing the problems with the new revenue recognition standard, especially for privately held technology companies like itself.

The new capability helps organizations maintain dual reporting on revenue and expenses allocated according to two sets of rules until Jan. 1.

PwC surveyed how public and private companies are handling the revenue recognition standard.

Compliance hours and costs for the Sarbanes-Oxley Act have risen in the past year for many companies, in part due to the new revenue recognition standard, according to a new survey.

BlackBerry Ltd. plunged the most in a year after investors focused on weak growth in software revenues that the company attributed to a change in accounting standards.

The changing revenue recognition and leasing rules are prompting various strategies to deal with them.

Bloomberg Tax has introduced an ASC 606 solution for its Advantage tax management system to help companies comply with the new revenue recognition standard.

The software developers have integrated their offerings to help companies tackle the complex new rev rec standard.

Businesses are still dragging their heels on implementing major new accounting rules, even though the effective date of adoption is already here for many companies, and approaching soon for the rest.

The Spring 2018 product release of the subscription management software handles billing, collections, revenue accounting, deal desk, orders and CXOs.

The challenges of adopting Topic 606 can guide companies in adopting future accounting standards.

A new revenue procedure makes it easier for companies to conform with FASB's revenue recognition standard.

Gravity Software releases subscription billing module for Dynamics 365; PeaCounts tests blockchain accounting system; Certify offers Certify Travel for enterprises.