Latest Revenue Recognition Headlines

The fifth and final step in ASC 606: Revenue from Contracts with Customers (ASC 606) is to recognize revenue when or as the performance obligations are satisfied. Performance obligations are satisfie

Under U.S. Generally Accepted Accounting Principles (GAAP), there are strict rules on when to recognize revenues and expenses. Here’s important information about end of period accounting “cutoffs” as…


FASB Addresses Accounting for Grants and Contracts - AICPA Insights

For nonreciprocal transactions (contributions), the next point to consider is whether conditions have been placed on the resources provided, as the presence of conditions affects the timing of revenu




Welcome to 2018, everyone! Now that we’re done returning Christmas presents, watching college football, and prepaying this year’s property taxes, our thoughts turn to how the corporate compliance lan…

With the issuance of ASU 2014-09, Revenue from Contracts with Customers, SEC guidance requires both quantitative and qualitative disclosures of the expected impact of adopting the new revenue recognition

 FEI Daily spoke with Steve Thompson, KPMG’s Advisory lead for Revenue Recognition and Marybeth Shamrock, KPMG’s Advisory lead for Leasing, following the release of KPMG’s 2017 Accounting Change survey results. In part one, we discuss implementation issues and why private companies in particular are falling behind.


One of the most significant departures from prior GAAP is the treatment of variable consideration. In the past, revenue could only be recognized in the amount of the fixed or determinable portion of …


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Deloitte September survey
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