Tag: revenue recognition

Revenue Recognition Simplified for Franchises
FASB recently released an accounting standards update to provide a “practical expedient” allowing privately-owned franchise…
Read More
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…
Read More
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…
Read More
Accounting & Reporting Considerations During the COVID-19 Pandemic
With the continued spread of COVID-19 and its overwhelming effect on the global economy, we…
Read More
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…
Read More
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…
Read More
Revenue Recognition Compliance: Don’t Forget About Sales Commissions
The new revenue recognition standard (ASC 606) is now in effect for both public and…
Read More
Revenue Recognition for Healthcare Organizations
For healthcare entities, the new revenue recognition standard, Revenue from Contracts with Customers, or ASC 606,…
Read More
Revenue Recognition Considerations for Retailers
Revenue recognition remains a important topic as the changes affect every business. Previously, we put…
Read More
Revenue Recognition Readiness
On May 28, 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards…
Read More