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

Revenue Recognition The revenue recognition principle, a fundamental element of accrual accounting, requires a company to record revenue at the time it is earned.

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.

This is “netting revenue against expense” and is a violation of GAAP. The Revenue Definition and Recognition section of OUC's Accounting Handbook provides guidance on revenue accounting for CU. The ...

The new revenue recognition standard and the explosion in online sales are prompting some retailers to change the time at which e-commerce revenue is recognized from customer delivery to shipping ...

Revenue recognition: 4 top concerns noted by peer reviewers Practitioners can successfully navigate the new standard with special attention to these topics.

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.

IFRS Vs. GAAP Revenue Recognition. Two accounting boards are working toward a common set of procedures for recognizing revenue. The international financial reporting standards, or IFRS, are the ...

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 new revenue recognition standard could impact EBITDA and other performance metrics that are inputs to private equity groups’ current valuation models. The changes are due to a shift in an ...

Almost all of the public companies that adopted new accounting standards for reporting revenue beginning in 2018 used a shortcut that allows apples-to-oranges comparisons for revenue and profit ...