Tag: revenue recognition
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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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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Revenue Recognition for the Manufacturing Industry
Companies have started gearing up to implement new revenue recognition standards, more formally known as…
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DOJ Ramps Up Action Against Fraud in Healthcare
The Department of Justice (DOJ) has sent a message: It’s not backing away from efforts…
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SEC Issues Updates to Reflect New Revenue Recognition Standard
On August 18, 2017, the SEC staff released Staff Accounting Bulletin (SAB) No. 116 to…
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SEC Permits Delayed Adoption of ASC 606 and ASC 842 for Certain Entities
At the July 20th EITF meeting, Sagar Teotia, Deputy Chief Accountant in the Office of…
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Revenue Recognition Standard: FAQs
On May 28, 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. It…
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