All Revenue Recognition articles – Page 6
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Blog
Doubt creeps in on ability to adopt lease rules on time
Another new poll says public companies are starting to freak out over how they’ll meet the 2019 effective date to adopt new lease accounting rules.
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Blog
New poll suggests slow uptake of new lease accounting rules
A new poll suggests nearly one-fourth of companies are not yet preparing to comply with new lease accounting standards that begin to take effect in 2019.
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Blog
FASB plans corrections to lease, financial instrument rules
FASB is planning a series of technical corrections on lease accounting and financial instruments, but it resisted the temptation to tweak revenue recognition any further.
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Article
In the final push to new revenue rules, some turn to manual solutions
Delays in preparing for new revenue recognition requirements are starting to pinch the IT timeline, forcing many companies to develop manual workarounds.
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Blog
Half of Fortune 500 still non-committal on new revenue rules
More than one-fourth of Fortune 500 filers still had not figured out how they will be affected by new revenue recognition rules as of April and May.
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Blog
SOX pros say external audit costs increased in 2016
Big companies subject to SOX reporting said their external audit costs increased in 2016 as auditors continue to report pressure from PCAOB inspections.
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Blog
FASB nears release of final standard on hedge accounting
FASB plans to issue its final standard on hedge accounting in August, taking effect in 2018 among other major accounting changes over the next few years.
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Blog
Deloitte analysis shows slow move to new revenue rules
An analysis of Fortune 1000 disclosures provides more disturbing evidence that companies are making only sluggish progress in implementing new revenue recognition accounting.
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Blog
The latest strains in revenue rule adoption: technology
It’s starting to get tense in the trenches where finance and technology staff are preparing to implement new revenue recognition standards in 2018.
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Article
Financial instrument rule plays second fiddle to bigger changes
As companies prepare for new revenue recognition and lease accounting standards, a new rule on how to classify and measure financial instruments is finding itself on the back burner.
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Article
Have you vetted fraud risk under new revenue standard?
The risk of fraud in revenue recognition is growing as companies’ sluggish adoption of new rules creates fresh opportunities for would-be perpetrators.
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Blog
FASB clarifies stock compensation, service agreement accounting
In a pair of updates to accounting standards, the FASB is looking to shore up differences in how companies account for stock compensation and service concession arrangements.
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ArticleTechnical conclusions taking shape in revenue recognition
Technical consensus is starting to gel in certain aspects of the new revenue recognition accounting requirements, but the answers are not black and white.
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Blog
New revenue rule immaterial? Don't overlook disclosure, SEC says
The SEC is warning companies that say adopting new revenue rules will be immaterial to financials: Be sure that includes consideration of disclosures.
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Blog
Deloitte offers views on lease accounting questions
Deloitte says it’s hearing enough questions about how to apply the new lease accounting rules it decided to publish a question-and-answer paper to articulate its views.
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Blog
Top accountant provides blueprint for effective audit committees
From education to composition, the SEC's top accountant recently gave audit committees a primer on everything it takes to be effective in the job these days.
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Article
Revenue recognition implementation way behind schedule for most: survey
With less than a year to go before implementation, a new survey from Workiva shows that many companies are not as prepared as they ought to be.
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Article
As firms adopt revenue rules, are they ignoring disclosure?
Whether you think your company is ready for the new accounting for revenue recognition or not, it’s probably not ready to comply with new disclosure requirements.
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Blog
AICPA release 11 more revenue recognition drafts
Accounting experts are releasing their latest views on how to apply the new revenue recognition standard to some industry-specific questions.
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Blog
To combat fraud, check accounting policies, internal controls
In the battle against fraud and restatements, a company’s best allies are strong accounting policies and well-documented internal controls, a new report says.