Revenue Recognition

MagnaChip Fined $3M Over Accounting Fraud
Risk & Compliance

MagnaChip Fined $3M Over Accounting Fraud

The Korean chipmaker and its ex-CFO allegedly engaged in "accounting tricks" to meet revenue and gross margin targets after it went public.
By Matthew Heller | May 2, 2017
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Ex-L3 Exec Accused of Accounting Failures
Risk & Compliance

Ex-L3 Exec Accused of Accounting Failures

The SEC says former finance executive Davd Pruitt improperly recognized $17.9 million in revenue from a contract with the U.S. Army.
By Matthew Heller | May 1, 2017
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Perrigo to Restate Financials Back to 2013
Revenue Recognition

Perrigo to Restate Financials Back to 2013

The drugmaker says it incorrectly classified royalties from the best-selling Tysabri drug as an intangible asset rather than a financial asset.
By Matthew Heller | April 26, 2017
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Services With A (CFO) Smile
Strategy

Services With A (CFO) Smile

Finance must adapt to the hybrid, services-added business model.
By Josh Hyatt | April 6, 2017
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Why Workday Adopted New Revenue Recognition Rules Early
Revenue Recognition

Why Workday Adopted New Revenue Recognition Rules Early

CFO Robynne Sisco explains the reasons the company opted, unlike all but a few others, to be an early adopter of the new revenue recognition standard.
By David McCann | March 23, 2017
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ComScore Gets Booted Over Delinquent Filings
Revenue Recognition

ComScore Gets Booted Over Delinquent Filings

The analytics company was delisted from the Nasdaq exchange after failing to submit SEC filings for almost a year.
By Sean Allocca | February 8, 2017
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Time to Prepare for Upcoming Accounting Rule Changes
Revenue Recognition

Time to Prepare for Upcoming Accounting Rule Changes

Deadlines to comply with the new lease accounting and revenue recognition standards are coming up fast, and it is time to step up the compliance efforts.
By | January 28, 2017
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L3 Technologies Settles $1.6M Revenue Recognition Case
Revenue Recognition

L3 Technologies Settles $1.6M Revenue Recognition Case

The SEC also accused the company of failing to maintain adequate internal controls after employees reported their concerns to the ethics board.
By Sean Allocca | January 12, 2017
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Audit Committees Face Expertise, Risk Management Challenges
Risk Management

Audit Committees Face Expertise, Risk Management Challenges

More than four in ten (41%) audit committee members say the effectiveness of companies' risk management programs poses the greatest challenge this year.
By Sean Allocca | January 11, 2017
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In Accounting Swan Song, SEC’s White Urges Convergence
Revenue Recognition

In Accounting Swan Song, SEC’s White Urges Convergence

Outgoing SEC Commissioner Mary Jo White encourages FASB and IASB to continue collaboration.
By David Katz | January 6, 2017
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Most-Read Articles of 2016: Automation, Regulations and the CFO’s Role
Technology

Most-Read Articles of 2016: Automation, Regulations and the CFO’s Role

ERP solutions and robotics were among the dominant themes of CFO’s most-read articles of the year.
By | December 23, 2016
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Revenue Recognition: The Clock Is Ticking
Revenue Recognition

Revenue Recognition: The Clock Is Ticking

The new revenue recognition standard has implications that extend far beyond accounting.
By Eric Knachel | December 21, 2016
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The End of Accounting?
Revenue Recognition

The End of Accounting?

If Baruch Lev is right, the old models don’t work anymore.
By David Katz | October 20, 2016
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ComScore to Restate Three Years of Financials
Risk & Compliance

ComScore to Restate Three Years of Financials

An internal investigation concludes that the company incorrectly recognized nonmonetary transactions as revenue.
By Matthew Heller | September 16, 2016
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Accountant Suspended Over Failure to Spot Fraud
Revenue Recognition

Accountant Suspended Over Failure to Spot Fraud

Among other things, the accountant and his firm failed to detect fraudulent sales and identify related-party transactions, says the SEC.
By Vincent Ryan | July 26, 2016
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