Peeling Back the Layers of ASC 606
In my initial posting, I addressed the implementation landscape and how a number of companies have not yet begun their efforts to implement the new..
One of the earliest and most critical decisions in your CECL compliance journey is how to handle reserve modeling. The basic decision is simple: will you create your own CECL models or will you..
If you are a financial institution, then you probably have spent time learning more about CECL and the challenges it will have on your data capabilities. You may be asking yourself, “Why is data..
The financial crisis of 2008-2009 erupted across the globe, leaving a wide array of proposed regulations in its wake. Over the past seven years many regulations have been written and implemented..
Many public companies across the country have formed project teams, done assessment exercises and even redesigned contracts and process in advance of the new revenue recognition standard (ASC..
A key event in Washington DC’s CFOs’ calendars, covering the hot topic of ‘Revenue Recognition- ASC 606 - Revenue from Contracts with Customers’, was held on April 19th with over 100 people from..
In part 1 of this series, I addressed the implementation landscape, and how many companies have not yet begun their efforts to implement the new revenue recognition guidance. In..
The Implementation Landscape
Almost 2 years ago now, the FASB issued its long-awaited, sweeping new revenue recognition standard. The standard initially provided for a 2017 effective date for..
At a recent audit committee conference, SEC Chief Accountant James Schnurr focused a significant portion of his speech on the new revenue recognition rules. In addition to the general message that..
September 30, 2015 (McLean, VA) CrossCountry Consulting, a leading management consulting firm, recently announced that Adam Washecka has joined the company to lead its Revenue Recognition practice..
The FASB and IASB (“the Boards”) are expected to finalize their respective new lease accounting standards towards the end of 2015. The Boards..