Articles & Publications

The Financial Accounting Standards Board’s (FASB) new revenue recognition standards will not only affect public companies, but also many private companies whose lenders or investors require them to follow generally accepted accounting principles (GAAP). If your organization is one. Read More >>

What’s Going On The Financial Accounting Standards Board (“FASB”) recently voted on a proposal to delay the effective dates for four significant standards related to accounting for leases, credit losses, derivatives and hedging, and long-duration insurance contracts. The proposal. Read More >>

In June, we hosted a seminar on the key items facing employee benefit plan administrators. Below are the top takeaways from the program. Changes on the Horizon: Accounting Standards & Audit Update SOC reports provide a deeper understanding of. Read More >>

According to the Institute for Business and Home Safety, an estimated 25% of businesses don’t reopen following a major disaster. The Federal Emergency Management Association (FEMA) paints an even bleaker picture, putting the number between 40-60%, with another 25%. Read More >>

News stories of large corporations becoming victims of cyber attacks have become ubiquitous. And while it may seem that large corporations are easy targets because of their size and significant data, employee benefit plans can just as easily be. Read More >>

When you’ve devoted your life and career to the success and sustainability of your business – the business you, your parents or grandparents may have started – oftentimes it’s hard to let go.  But staying on isn’t always what’s. Read More >>

The finale of our series. At the beginning of this series, we mentioned that revenue is the single largest line item in most companies’ financial statements, and yet when you look at footnote disclosures, you will see that in. Read More >>

The good news for nonprofits is that contribution revenue was determined by the accounting standard setters to be “out of scope” for these new standards. Accordingly, no assessment of contribution revenues is required; however, these organizations don’t just get. Read More >>

The Service Industry can be complicated in terms of revenue recognition. In professional services, contracts (whether express or implied) may provide that contractors can bill by the hour or by the project, and terms may allow for progress billing. Read More >>

Companies that focus their efforts strictly in distribution may not think there is much change that could be required to their methods of revenue recognition. After all, they just take someone else’s product and ship it to their own. Read More >>