Tag: revenue recognition
Revenue Recognition Simplified for Franchises
FASB recently released an accounting standards update to provide a “practical expedient” allowing privately-owned franchise…
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Leasing and Revenue Recognition Standards Delayed for Some Private Companies
The FASB has formally approved a one-year deferral of the effective date of ASC 842, Leases, for…
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FASB Votes to Defer the Effective Date of ASC 842
This week, FASB voted in favor of a one-year deferral of the effective date of…
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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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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: 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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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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Revenue Recognition for Healthcare Organizations
For healthcare entities, the new revenue recognition standard, Revenue from Contracts with Customers, or ASC 606,…
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Revenue Recognition Considerations for Retailers
Revenue recognition remains a important topic as the changes affect every business. Previously, we put…
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Revenue Recognition Readiness
On May 28, 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards…
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