FASB Votes for One-Year Deferral on Revenue Recognition

By Tammy Whitehouse2015-04-01T10:45:00

Image: FASB will propose a one-year delay in the effective date of its new revenue recognition standard, while allowing adoption of the original effective date for companies ready to move forward. FASB member Daryl Buck, though initially skeptical of a delay, said, “It would be very difficult to expect [media ...

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Extra Year on Revenue Standard Means More Time to Sweat

2015-07-21T12:00:00Z By Tammy Whitehouse

Image: Don’t let your accounting department get too excited with that additional year FASB has granted to adopt the new standard for revenue recognition. Experts helping companies’ implementation efforts say that extra time is much needed, with plenty of questions about the standard remaining unanswered. And don’t forget, “half of ...
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Financial Compliance Teams Await Tech Help on Revenue Rule

2015-06-16T11:00:00Z By Tammy Whitehouse

Improved technology for financial systems will be critical as Corporate America moves to implement the impending new revenue recognition standard. That new tech, however, is slow-rolling its way to your data center, since the standard’s final guidance is still incomplete. “We knew going in we were not playing on a ...
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Buying Time With Revenue Standard Delay

2015-04-21T11:30:00Z By Tammy Whitehouse

Image: FASB might delay implementation of the new revenue recognition standard; corporate financial reporting executives should not. Despite uncertainty on fine points of the standard and business software yet to digest FASB’s seachange in reporting revenue, businesses can do plenty now. “The deferral is telling companies don’t delay in assessing ...

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FASB Votes for One-Year Deferral on Revenue Recognition

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Extra Year on Revenue Standard Means More Time to Sweat

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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
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