Learn the two GAAP criteria for revenue recognition and how companies can accurately report on their financial statements ...

Today's financial world puts a great emphasis on meeting targets. From the perspective of those who run businesses and their employees, it can mean the difference between a large bonus or being let go ...

Editor’s note: On April 14, FASB and the IASB said the priority projects on revenue recognition, leases and financial instruments, scheduled to be completed in June, would require a few more months of ...

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 ...

The Financial Accounting Standards Board and the International Accounting Standards Board have jointly published a draft standard to improve and align the financial reporting of revenue from contracts ...

It's the biggest item in a financial statement, and the most frequent cause of restatements. Elements of its generally accepted accounting principles appear in over 200 pronouncements from half a ...

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, ...

Any small business that publishes financial statements must prepare those statements in accordance with generally accepted accounting principles, or GAAP. GAAP includes accounting principles and ...

It’s critical to begin evaluating how the new revenue recognition rules will affect your technology company from an accounting as well as an operational perspective. Financial Accounting Standards ...

A new revenue recognition standard could soon create accounting murkiness for contractors and engineers, potentially changing the way some firms do business. The International Accounting Standards ...