In July 2017, PayPal Holdings, Inc. [PYPL] acquired Canadian payment-processing company TIO Networks for $238 million. The purchase price consisted of
Category: Accounting Policies
Impact of New Revenue Recognition Rule on the Russell 3000
As Russell 3000 public companies with December year-ends implement the new revenue recognition standard, we are beginning to see a pattern
What You Should Know About General Electric’s Revenue Recognition Announcement
General Electric Co [GE] released an update on April 13, which among other things clarified issues related to the adoption of
ASC 606 Adoption Progress – Q4 Update
We’re beginning to see large U.S. public companies with December year ends completing implementation of the new revenue recognition standard. At
What are companies really seeing, revenue growth or accounting adjustments?
With the new ASC 606 rule now in effect and earnings season in full swing, we are beginning to see how
Differences is Loss Reserve Estimate Disclosures Could Spell Uncertainty
Investors and analysts should be aware that there is more than one way to disclose Changes in Accounting Estimates. In some
Differences in Loss Reserve Estimate Disclosures Could Spell Uncertainty
Investors and analysts should be aware that there is more than one way to disclose Changes in Accounting Estimates. In some
ASC 606 Adoption Progress – Q2 Update
For the past year, we have been monitoring the progress made by U.S. public companies towards implementation of the new revenue
How Fiscal Year Ends Impact Adoption of ASU 2014-09
For the vast majority of Russell 3000 companies, the deadline to adopt new revenue recognition accounting guidance is fast approaching. Some issuers,
Gift Card Breakage – (ASC 606)
ASC 606, effective for fiscal periods beginning after December 15th, 2017, is changing the way companies recognize revenue from contracts with
Six Months to New Revenue Standard Deadline
ASC 606 becomes mandatory for all public companies at the end of 2017. A few months ago, we noted that a small
Early Adoption of ASC 606: first glance
In a recently released tool for the Audit Committees, the Center for the Audit Quality stated that it is “urgent that
A Big Change in Bank of America’s Accounting Policy
Voluntary changes in accounting principle are usually disclosed in so-called preferability letters, but occasionally a significant change will be disclosed in an