Revenue Recognition

Deloitte & Touche Fined Over Auditing Lapse
Revenue Recognition

Deloitte & Touche Fined Over Auditing Lapse

The auditor missed errors in how Jack Henry & Associates accounted for license revenue, charges the PCAOB.
By William Sprouse | May 25, 2018
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WageWorks to Restate Results, CFO Resigns
Revenue Recognition

WageWorks to Restate Results, CFO Resigns

The benefits company's internal investigation found “a material weakness in its internal control over financial reporting."
By Matthew Heller | April 6, 2018
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Accounting Changes Boost Salesforce Outlook
Revenue Recognition

Accounting Changes Boost Salesforce Outlook

Companies are adopting new standards aimed at improving comparability by implementing a single revenue recognition model.
By Matthew Heller | April 2, 2018
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Ready or Not, Here It (Rev Rec Standard) Comes
Risk & Compliance

Ready or Not, Here It (Rev Rec Standard) Comes

Many companies are underestimating the need to establish a stable, sustainable revenue recognition process under the new standard, says SAP's CAO.
By David McCann | March 22, 2018
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ASC 606: What’s the Impact So Far?
Revenue Recognition

ASC 606: What’s the Impact So Far?

From an investor perspective, it's difficult to tell how much of any change in revenue or earnings is due to the new revenue recognition rule.
By Derryck Coleman and Olga Usvyatsky | March 5, 2018
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Investors on Rev Rec Changes: Who Cares?
Risk & Compliance

Investors on Rev Rec Changes: Who Cares?

The changes to GAAP accounting for revenue recognition won't have a material effect on companies' finances, investors say.
By David McCann | December 13, 2017
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SEC Accountants Voice Resource Constraints
Risk & Compliance

SEC Accountants Voice Resource Constraints

The 50 employees at the Securities and Exchange Commission’s office of the chief accountant try to keep up with technology changes like bitcoin.
By David Katz | December 5, 2017
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Judgment Calls Stalk Revenue Recognition
Revenue Recognition

Judgment Calls Stalk Revenue Recognition

Non-cash and financing components could become brain busters under the new, principles-based revenue recognition standard.
By David Katz | December 1, 2017
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How Revenue Recognition Impacts Pricing Strategy
Revenue Recognition

How Revenue Recognition Impacts Pricing Strategy

The new revenue recognition rules demand tight teamwork between pricing and revenue teams.
By Monika Saha | November 27, 2017
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Rev Rec Rule Transforms Accounting: FASB’s Siegel
Revenue Recognition

Rev Rec Rule Transforms Accounting: FASB’s Siegel

The revenue recognition standard will turn a diverse set of industry standards into “one framework about how to think about revenue.”
By David Katz | November 15, 2017
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Osiris Executives Accused of Accounting Fraud
Risk & Compliance

Osiris Executives Accused of Accounting Fraud

Former CFOs Philip Jacoby and Gregory Law are among those charged with inflating the biotech firm's revenue to meet the CEO's aggressive targets.
By Matthew Heller | November 3, 2017
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Rev Rec Poses Health-Care Pricing Problems
Revenue Recognition

Rev Rec Poses Health-Care Pricing Problems

As the industry consolidates, health-care CFOs will encounter a plethora of revenue streams that need to be accounted for.
By David Katz | August 30, 2017
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Microsoft Scales Accounting Mountain
Revenue Recognition

Microsoft Scales Accounting Mountain

Microsoft adopts both the new revenue recognition and lease accounting standards early.
By David Katz | August 4, 2017
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Hain Completes Audit of Revenue Woes
Revenue Recognition

Hain Completes Audit of Revenue Woes

The natural products maker reported that it did not have to make material changes to its previously reported financial statements.
By William Sprouse | June 22, 2017
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PCAOB Auditor Pressure Spurs Sarbox Controls Tightening
Revenue Recognition

PCAOB Auditor Pressure Spurs Sarbox Controls Tightening

Increasing Public Company Accounting Oversight Board auditor requirements prod companies to boost Sarbanes-Oxley compliance activities, a survey finds.
By David Katz | June 14, 2017
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