Tag: revenue recognition

Rev Rec and Leases Standards Delayed
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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Lease Accounting Standard Delayed
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 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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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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Confident CEO businessman standing with arms crossed at modern office window
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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Medical Headphones, Stethoscope with financial report chart and calculator on desk
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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retailer business planning
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
Revenue Recognition Readiness

On May 28, 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards…

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What Nonprofits Need to Know About Revenue Recognition
What Nonprofits Need to Know About Rev Rec

With ASC 606 – the Financial Accounting Standards Board’s (FASB) new revenue recognition standard –…

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