The new revenue recognition standard and the explosion in online sales are prompting some retailers to change the time at which e-commerce revenue is recognized from customer delivery to shipping ...

FloQast, a provider of close management software, is eyeing the problems with the new revenue recognition standard, especially for privately held technology companies like itself. “We just got done ...

Revenue recognition standards determine both how much and when revenue is recognized on the income statement. Any company keeping their financial statements under generally accepted accounting ...

Insurance agencies must comply with specific regulations when accounting for the company's revenue streams. Unlike in some industries, insurance agencies can only book their revenues when they receive ...

Gerresheimer said initial findings of the probe suggest it is more likely to assume that requirements for revenue recognition weren't met for a contract valued at around 3 million euros ($3.5 million) ...

An updated rule issued by the Financial Accounting Standards Board (FASB) will change when most franchisors may recognize revenue on their balance sheets from the collection of initial franchise fees.

While the primary goal of every business owner is to increase revenues, the goal of the company's accountant is to ensure that the revenues are recognized, or recorded on the company's books in the ...

Earlier this year, Quantum Corporation disclosed it could not timely file its annual financial report due to internal accounting reviews, later announcing a restatement of financial statements and the ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Recognizing revenue is the process of mapping the money businesses make ...

The IRS is asking for comments on proposed procedures for requesting consent to make accounting method changes to reflect FASB’s new revenue recognition standards (Notice 2017-17). The proposed ...

Prepaid cards and several other payable-based consumer products are popular retail items and marketing tools. Portions of the proposed revenue recognition standard that FASB is working on will affect ...