Friday, June 5, 2020
Home Authors Posts by gpldev

gpldev

9 POSTS 0 COMMENTS

Will your company’s revenue disappear into a black hole?

inShare It might upon adoption of ASC 606 if you have time-based software licenses. Many software vendors today offer their customers a...

Can you mitigate credit risk under new Rev Rec standard

What if you don't have a contract for accounting purposes?  Any relief? ….The FASB takes a shot at these and more at its recent meeting.  The...

What PSO’s need to do to prepare for new Revenue Recognition...

So the holiday season is just around the corner. Right around the second corner in the New Year, new revenue recognition regulations will be...

Internal Controls with The New Revenue Recognition Standard

company Golden Bear Golf Inc. is named after legendary golfer Jack Nicklaus. Its fully owned subsidiary is Paragon, which builds golf courses. Paragon executives...

Your Five-Step Program to Revenue Recognition Compliance

I’ve been writing a lot lately about the new revenue recognition standards (created by ASC 606 and IFRS 15) companies will soon need to adopt to...

Comments on SEC Staff Announcement on SAB Topic 11.M (SAB 74)

On September 22, 2016, the SEC Staff issued comments on the disclosure requirements of SAB Topic 11.M (SAB 74) related to the expected impact...

KPMG Releases Guide on Revenue Recognition Dislcosures

FASB significantly expanded disclosure requirements related to revenue recognition which are an important part of the new revenue recognition standard.  The revenue disclosure significantly change to...

Understanding Variable Consideration and The Time Value of Money

With the new revenue recognition standards upon us and adoption for public entities right around the corner, we’re finding that two aspects are tripping...

Question: When Is Revenue Not Revenue?

Answer: When it’s not collectible (maybe). - RevenueRecognition.com Contributor Historically it was always somewhat of a simple process to determine what was the amount of your company’s...
-See ASC 606 Operationalized-

Click The Video Above For Quick Product Tour

EDITOR PICKS