Revenue recognition

With the deadline looming for private companies to comply with the new revenue recognition standard, many companies are still in the assessment stage and have yet to start the actual implementation work.

The American Institute of CPAs has issued the final two working drafts of guidance related to rev rec issues for various industries.

Businesses are taking time adjusting to the new revenue recognition and lease accounting rules.

The first step is to admit there’s a problem.

The Top 100 Firm continues to expand its NetSuite service capabilities in the U.S. and internationally.

The CFA Institute has some advice for investors about the main questions they should be asking about the new revenue recognition standard.

Biotech, pharmaceutical, medical device and related businesses are dealing with recent accounting standards, plus a new tax law, amid a changing landscape for their industry.

Larry Smith, who served as a member of the Financial Accounting Standards Board from 2007 until 2017, is watching some of the standards he worked on for a decade now being rolled out, but he believes the board should be doing more on performance reporting and the FASB Accounting Standards Codification.

Businesses that were early adopters of the new rules have been running into some issues with regulators and investors.

A flood of new accounting regs may be an opportunity to strength a company’s finance architecture.