February 2021
Revenue Recognition Simplified for Franchises
FASB recently released an accounting standards update to provide a “practical expedient” allowing privately-owned franchise…
See MoreWhether you employ a single accounting and finance specialist or an entire team, odds are you may experience a resource limitation when it comes to preparing for external audits and addressing technical GAAP-related accounting and financial reporting matters and concerns.
With complex reporting requirements changing rapidly, many organizations face a significant burden attempting to keep pace.
The FASB and IASB’s converged standard on revenue recognition is a historic change that establishes a global model for virtually all industries in U.S. GAAP, including those that previously followed industry specific guidance. Effective standards are in place as of 2018, and that means it’s critically important for your business to have an understanding of the standard’s core concepts. We recommend reading our five-step revenue recognition model in detail.
February 2021
FASB recently released an accounting standards update to provide a “practical expedient” allowing privately-owned franchise…
See MoreDecember 2020
Earlier this year, the FASB provided optional expedients and exceptions for applying U.S. GAAP to…
See MoreWe’re here to help you address your complex accounting and financial reporting requirements.