For the past year, we have been monitoring the progress made by U.S. public companies towards implementation of the new revenue
Category: Accounting Policies
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