ACCOUNTING, AUDITING & ATTEST SERVICES

6 Tips for Adopting the New Revenue Recognition Standard
 

6 Tips for Adopting the New Revenue Recognition Standard

Posted: August 23, 2017
There may be one, five-step model for all companies to follow in adopting the new revenue recognition standard, but there is considerable accounting judgment to be applied as we move away from a rules-based model. Here are some tips.


 CFOs and CIOs Differ on Revenue Recognition Readiness
 

CFOs and CIOs Differ on Revenue Recognition Readiness

Posted: June 30, 2017
Talk about a disconnect. A new revenue recognition survey from EY reveals that not only are many public companies behind schedule on implementing the new accounting standard by its 2018 effective date, but there’s serious finger-pointing in the C-suite about why that is.

CPAs Lag in Revenue Recognition Implementation
 

CPAs Lag in Revenue Recognition Implementation

Posted: March 31, 2017
An NJCPA poll found that more than 90 percent of the 120 CPAs surveyed are behind in implementing the new revenue recognition standard for financial reporting. The article discusses important dates to remember.