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: November 16, 2017
For companies that cannot effectively implement an automated revenue system by their required deadline (January 1 for most public filers) a “brute force” manual approach should be considered to reach compliance in time.
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: July 21, 2017
Data management software plays a key role in getting ready for the upcoming new accounting standard.
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: March 21, 2017
Regular talks with peers can help keep implementation on track.
Posted: March 19, 2017
Costly mistakes can be avoided by following best practices that lead to proper judgments.