Revenue recognition

MoviePass’s parent company hit another bump Tuesday, acknowledging it lost track of how many paying customers the film-subscription service had on its books.

The companies are giving their customers access to both Chargebee’s subscription billing system and Softrax’s Revenue Manager revenue recognition software.

The Financial Accounting Standards Board issued a proposed accounting standards update Thursday on the recognition and measurement of deferred revenue in business combinations.

Most organizations are using manual workarounds to comply with the new rev rec standard, according to a survey by Ernst & Young.

The new accounting rules and the explosion in online sales are prompting merchants to change the time at which e-commerce revenue is recognized.

The deadline isn't far away for privately held businesses to begin adhering to the new rules.

The SaaS-focused reporting and analytics platform automates ASC 606 and IFRS 15 compliant recognition.

The Securities and Exchange Commission has been taking a close look at how Amazon.com has been adhering to the new revenue recognition standard, particularly with regard to its Amazon Prime revenue, and Amazon has been pushing back in response to the SEC’s comment letters.

A new report from PwC finds businesses still scrambling to meet the deadlines.

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