Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions where revenue ...

GASB issued a proposed concepts statement on recognition of financial statement elements and a request for comment on preliminary views on revenue and expense recognition model proposals.

The Governmental Accounting Standards Board is asking for help as it develops a comprehensive model for revenue and expense recognition for state and local governments.

GASB issued an Invitation to Comment to seek feedback to assist its efforts to develop a revenue and expense recognition model for state and local government accounting. Two potential models are ...

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 expense recognition principle is a concept in accounting outlining when a business should recognize its expenses. Learn how it works.

While everyone is focusing on tax reform, a topic that should not be overlooked is the financial statement impact of the new revenue recognition standard ASC 606 Revenue from Contracts with Customers.

The Financial Reporting Council’s upcoming overhaul of FRS 102, effective for accounting periods beginning on or after ...

Fellow Irregulars Phil Wainewright and Jason Corsello are batting around the implementation services revenue recognition issue following Taleo's restatement of earnings. Phil uses it as a reason ...