ACCOUNTING, AUDITING & ATTEST SERVICES
Posted: December 4, 2017
Working drafts for a total of five revenue recognition implementation issues in four industries were exposed on Dec. 1 by the AICPA Financial Reporting Executive Committee.
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.
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.
Posted: March 28, 2017
The deadline to implement two new accounting standards - Revenue Recognition and Lease Accounting - is right around the corner. Companies can face challenges if they wait too long.
Posted: April 5, 2016
Visit the revenue recognition Web page on aicpa.org to find comprehensive resources, including a financial reporting brief, CPE self-study opportunities, information on industry task forces, webcasts and more.