Many stakeholders wonder why the CECL model requires an entity to recognize a credit loss for a financial asset that was just purchased at fair value.
As CECL’s effective date draws nearer, many now recognize that CECL requires an estimate of the expected credit losses over the life of the instrument be recognized on Day 1 and subsequent reporting..
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 606).
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 over..
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..