ACCOUNTING, AUDITING & ATTEST SERVICES
Posted: May 11, 2018
The IRS has released a new revenue procedure that provides a new automatic way that companies can use when changing their accounting method to conform to the FASB’s 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.
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.