A business that uses the accrual basis of accounting recognizes revenue and expenses in the accounting period in which they are earned or incurred, regardless of when payment occurs. This differs from ...

Accrual method accounting separates revenue recognition from cash flow. That means a company records revenue in its books based on whether it has earned money, not whether it has actually received ...

Statement of Position (SOP) 97-2 provides guidance on applying GAAP in recognizing revenue from software and software-related transactions. The SOP provides instruction on recognition for licensing, ...

There are many industries where companies provide goods or services but aren’t immediately paid for them. From an accrual basis accounting standpoint, these represent accrued revenue for the company.

The revenue recognition standard that takes effect in December for public companies could pose challenges for technology businesses, particularly those relying on traditional subscription licenses, ...

Five years after the Financial Accounting Standards Board (FASB) first issued new revenue recognition rules, we finally get to see its impact on reported financials. The new standard was originally ...

Brad Hale, Managing director with the CBIZ MHM Tampa Bay practice. May 12, 2016, 8:30am EDT Updated: Jul 14, 2016, 2:20pm EDT Image provided by Getty Images (AndreyPopov) Under the new regulations, ...

AMID CONCERNS ABOUT IMPROPRIETIES, the SEC issued SAB 101, which provides guidance on recognizing, presenting and disclosing revenue in financial statements. The official implementation date is no ...

Revenue recognition has always represented a challenge for the construction sector. This basic accounting principle defines the how and when a business addresses income it earns through contracted ...

RESTON, Va.--(BUSINESS WIRE)--Over the past year, public companies have attempted to comply with transformative new accounting rules for recognizing revenue from customer contracts, known as ASC Topic ...

Accelerated revenue recognition for new hub version inflated 1Q23 revenue and full year guidance but has no effect on cash flow or profitability - underlying growth and KPIs remain weak. Bull case is ...