Revenue Recognition

FASB Launches Agenda Consultation Project
Revenue Recognition

FASB Launches Agenda Consultation Project

The first in five years, the project seeks comments about the Financial Accounting Standards Board's future standard-setting agenda.
By Vincent Ryan | June 28, 2021
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Under Armour Fined $9M Over Accounting Trick
Risk & Compliance

Under Armour Fined $9M Over Accounting Trick

The SEC says the sneaker firm used $408 million in pulled-forward orders to meet revenue estimates for six consecutive quarters.
By Matthew Heller | May 4, 2021
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The Complexities of a COVID-19 Year-End
Risk Management

The Complexities of a COVID-19 Year-End

As CFOs face the demands of year-end accounting and financial reporting, they’re pondering which issues need to be front and center and how to frame them.
By Vincent Ryan | January 12, 2021
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Super Micro Fined $17M for Improper Accounting
Risk & Compliance

Super Micro Fined $17M for Improper Accounting

Former CFO Howard Hideshima allegedly pressured employees to maximize revenue at the end of quarters, typically sending them dozens of emails.
By Matthew Heller | August 26, 2020
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Ironclad Execs Accused of $6M Accounting Fraud
Risk & Compliance

Ironclad Execs Accused of $6M Accounting Fraud

The SEC says former CFO William Aisenberg and two colleagues improperly recognized revenue to inflate the work glove maker's revenue by as much as 24%.
By Matthew Heller | April 9, 2020
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Technical Accounting: The CFO’s Secret Weapon
Revenue Recognition

Technical Accounting: The CFO’s Secret Weapon

A great partnership with accounting will actually help drive and influence financial results (legally, of course).
By Vincent Ryan | January 21, 2020
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Comscore Fined $5M Over Accounting Fraud
Risk & Compliance

Comscore Fined $5M Over Accounting Fraud

The data analytics giant's former CEO allegedly improperly recognized revenue from non-monetary transactions to beat Wall Street estimates.
By Matthew Heller | September 25, 2019
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Microsoft Discloses ‘Critical Audit Matters’
Risk & Compliance

Microsoft Discloses ‘Critical Audit Matters’

The software giant's auditor, Deloitte, found CAMs related to revenue recognition judgments and uncertain income tax provisions.
By David McCann | August 22, 2019
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Unclear IR Communications Sent Share Price Tumbling
Risk & Compliance

Unclear IR Communications Sent Share Price Tumbling

New CFO at Talend works to overcome investor concerns about the software firm's altered business model and revenue recognition issues.
By David McCann | May 28, 2019
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Companies Urged to Stay Abreast of Accounting Proposals
Revenue Recognition

Companies Urged to Stay Abreast of Accounting Proposals

Not paying close attention to proposed accounting standards and not commenting when there are concerns can have important consequences, experts say.
By David McCann | May 13, 2019
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The New Accounting for Collaborative Arrangements
Revenue Recognition

The New Accounting for Collaborative Arrangements

Here's what you need to know about FASB's new guidance on "collaborative arrangements" between entities.
By David McCann | March 19, 2019
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MoviePass Owner Says Q3 Revenue Overstated
Revenue Recognition

MoviePass Owner Says Q3 Revenue Overstated

Helios & Matheson Analytics incorrectly recognized $6.6 million in revenue from MoviePass, bringing its third-quarter loss to $146.7 million.
By Matthew Heller | March 12, 2019
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Auditing: Time for an Adjustment?
Revenue Recognition

Auditing: Time for an Adjustment?

Keeping the auditor-client relationship free of conflicts of interest is still a struggle.
By Vincent Ryan | October 23, 2018
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SEC: Telecom Firm Artificially Boosted Revenue
Risk & Compliance

SEC: Telecom Firm Artificially Boosted Revenue

How many schemes did telecom expense management company Tangoe have for recognizing revenue improperly and hiding its pre-tax losses?
By Vincent Ryan | September 5, 2018
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New Accounting Rules Test Companies’ Mettle
Risk & Compliance

New Accounting Rules Test Companies’ Mettle

Forty-two percent of public companies are either still assessing the impact of the new lease accounting rules or have not even gotten that far, finds PwC.
By David McCann | June 8, 2018
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