by SingerLewak | Feb 20, 2019 | News & Events, Revenue Recognition
by Francisca Franco and Ed SchenkeinEffective for fiscal years starting December 15, 2018 private companies are required to adopt a new standard on revenue recognition, “Revenue from Contracts with Customers” ASC Topic 606 (“Topic 606”). “The core...
by SingerLewak | Feb 5, 2018 | CFO Essentials, Revenue Recognition
Due to the importance of the new revenue recognition standard, and its potential to have a pervasive impact on the financial statements, the implementation plan is bound to be complex. Companies going through this process should be careful in planning. The six areas...
by SingerLewak | Dec 22, 2017 | CFO Essentials, Revenue Recognition, SOC Insights
Assessing the Impact of the New Revenue Recognition Standard Most companies will be required to implement the new revenue guidance, and you as management, board members or audit committee members, should be aware of the process that must be pursued in order to...
by Nathan Morrison | Dec 18, 2017 | CFO Essentials, Revenue Recognition, Uncategorized
The new revenue recognition standard (ASC Topic 606) represents a complete overhaul and almost complete rework of all the existing revenue literature currently being used under U.S. Generally Accepted Accounting Principles. The new guidance will require a significant...
by SingerLewak | Nov 22, 2017 | News & Events, Revenue Recognition
The PCAOB Issues a Practice Alert to Auditors on the New Revenue Standard. Issuers would be well served by reading it. On October 5, 2017, the PCAOB issued Staff Audit Practice Alert No. 15—Matters Related to Auditing Revenue from Contracts with Customers. The...
