Revenue recognition

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.

Wesley Bricker said the commission is keeping an eye on a number of new developments in accounting standards and financial reports.