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Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions where revenue ...
The revenue recognition standard that takes effect in December for public companies could pose challenges for technology businesses, particularly those relying on traditional subscription licenses, ...
The accounting and finance industries have been abuzz with the recent changes to the Revenue Recognition standard. This new standard has been in the works for almost 15 years and represents one of ...
Revenue is one of the most important measures used to assess a company’s performance, so it's important to record it correctly and consistently. J.W. Wilson of Clarus Partners shares what companies ...
FloQast, a provider of close management software, is eyeing the problems with the new revenue recognition standard, especially for privately held technology companies like itself.
The following guide will review the background of revenue recognition rules, what type of companies are covered under the new rules, and tips on how to switch to the new rules.
Revenue recognition is one of the most important issues of preparing any set of financial statements. The basic idea is that revenue is only recognized when the task in question is completed or ...
Whether buying or selling a portfolio company or planning a future exit, it is critical that private equity groups understand the new revenue recognition standard. The new model can affect the timing ...
Numerous changes, including a proposed delay in the effective date, are in play for the new revenue recognition standard. Here’s what preparers need to know and why they need to work toward ...
Statement of Position (SOP) 97-2 provides guidance on applying GAAP in recognizing revenue from software and software-related transactions. The SOP provides instruction on recognition for licensing, ...