Category: Financial Reporting

Accounting Considerations During COVID-19
Accounting & Reporting Considerations During the COVID-19 Pandemic

With the continued spread of COVID-19 and its overwhelming effect on the global economy, we…

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SEC Relief for Companies Affected by Coronavirus
SEC Provides Conditional Relief and Assistance for Companies Affected by the Coronavirus

The SEC issued an exemptive order (the Order) on March 4, 2020 providing conditional relief for registrants…

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Revenue Recognition for Software as a Service
How SaaS Providers Are Tackling Revenue Recognition: Part 2

In Part Two of this series, MFA details how software-as-a-service (SaaS) providers are tackling revenue…

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Revenue Recognition for SaaS Providers
Revenue Recognition for SaaS Providers: Part 1

How software-as-a-service (SaaS) providers can comply with revenue recognition guidelines, e.g. determining contract terms, and…

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Changes to Regulation S-K for Public Companies
SEC Proposes Significant Changes to Regulation S-K

New proposed changes to Regulation S-K intend to modernize, simplify and enhance the SEC’s framework…

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Lease Accounting: Road to Compliance Checklist

While the FASB recently affirmed the deferral of ASU 2016-02 (Topic 842, leases) for private…

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Revenue Recognition Compliance: Don’t Forget About Sales Commissions

The new revenue recognition standard (ASC 606) is now in effect for both public and…

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Fiber optic cables crossing in cloudy sky over city
Accounting for Cloud Computing Implementation Costs: What Customers Need to Know

Accounting for implementation costs for cloud computing service arrangements has historically been complicated. ASU 2018-15…

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