Tag Archive | ASU 2014-09

Webinar on 10/13: Revenue Recognition Update for the Technology Industry

While the new standards for revenue recognition will require significant changes in internal accounting practices for any industry with contract revenue, this webinar will specifically address the impact to the technology industry. During this webinar, we will discuss the latest information about the new revenue recognition guidance. We will also go over how the new […]

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Hot Topics in Accounting and Financial Reporting This Quarter

The second quarter of 2015 saw several narrow scope improvements and proposed changes to accounting standards. From simplifying fair value hierarchy classification types of instruments to hosting arrangements and consolidation accounting, the recently announced proposal and accounting changes tended to be small in scale. The issuance and implementation of larger projects remains on the horizon. […]

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Proposed Changes Will Clarify New Revenue Recognition Guidance

Changes keep coming to revenue recognition accounting. The Financial Accounting Standards Board (FASB) recently proposed amendments to ASU 2014-09 Revenue from Contracts with Customers (Topic 606) that would clarify how to identify performance obligations and account for licenses for intellectual property in the new standard. ASU 2014-09 requires entities to use a five-step approach to […]

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FASB Releases Exposure Draft Delaying Revenue Recognition

Stakeholders can weigh in on whether the Financial Accounting Standards Board (FASB) should delay the changes to revenue recognition. The FASB recently released an exposure draft that, if approved, would move the effective date of Accounting Standards Update 2014-09 Revenue from Contracts with Customers (Topic 606) back by one year. ASU 2014-09 Revenue from Contracts […]

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Proposed Delay in Revenue Recognition Implementation

On April 1, the FASB proposed pushing back the effective date of the new revenue recognition standard by one year. The expected adoption of the proposal will cause Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers to be effective for annual reporting periods and interim reporting periods within annual periods beginning after […]

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Webinar on June 25: New Revenue Recognition Requirements to be Discussed

The FASB’s new standard, ASU 2014-09 Revenue from Contracts with Customers,  impacts most companies and their internal accounting practices. Are you ready? This new standard for revenue recognition does away with industry guidance in favor of a single contract-based model. This will result in significant changes in internal accounting practices for virtually all industries. During […]

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New Revenue Recognition Requirements to be Discussed in June 12 Webinar

The FASB’s new standard, ASU 2014-09 Revenue from Contracts with Customers,  impacts most companies and their internal accounting practices. Are you ready? This new standard for revenue recognition does away with industry guidance in favor of a single contract-based model. This will result in significant changes in internal accounting practices for virtually all industries. During […]

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