ACCOUNTING, AUDITING & ATTEST SERVICES


The Hidden Cost of the New Revenue Recognition Standard
 

The Hidden Cost of the New Revenue Recognition Standard

Posted: May 14, 2019
Busi­nesses can apply the new FASB ASU, Revenue from Contracts with Customers (Topic 606), retrospectively, or they can elect to recognize the cumulative effect of applying the new standard to existing contracts in the opening balance of retained earnings on the effective date (with proper disclosures). Find out how it will affect balance sheets.




Accounting for Crypto Assets
 

Accounting for Crypto Assets

Posted: March 4, 2019
In one form or another, cryptocurrencies and digital assets are here to stay. It is time for the accounting community to acknowledge that this is the case and draw up a comprehensive set of principles that we can all follow with confidence.

Finding Value in Revenue Recognition Implementation
 

Finding Value in Revenue Recognition Implementation

Posted: February 12, 2019
An overwhelming majority of companies have found it challenging to acquire data necessary to implement the FASB's new revenue recognition standard, according to a survey. Yet almost all companies say the implementation will deliver a value return that exceeds their investment.


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