The number of SEC comment letters has been declining for nine consecutive years. During the first nine months of 2018, 2,174
Category: Revenue Recognition
Five Years of Restatements Following Internal Investigation for MiMedx Group, Inc.
On June 7, 2018, MiMedx Group, Inc. [MDXG], a biopharmaceutical company, announced that the Company is going to restate previously filed
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
Early Indicators Predict an Uptick in Revenue Recognition Accounting Failures
We have been asked several times whether or not the adoption of the new revenue recognition standard will cause an increase
A Look at Top SEC Comment Letter Issues in 2017
2017 marked the eighth consecutive year of decline in the number of SEC comment letters. During the first six months of
Top Five to Celebrate First Five
We published our first blog post in October of 2012. Over the past five years, our analysts have shared their insights into
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