Labeling multiple goods and services provided to a customer as a “solution” does not eliminate a company’s responsibility to identify and report separate performance obligations under FASB’s new ...

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 ...

In the asset management industry, performance fees play an important role in aligning fund managers' and investors' interests. However, accurately recognizing these fees can be challenging, ...

Private company franchisors will be able simplify their revenue recognition accounting under a standard issued Thursday by FASB. The new Accounting Standards Update provides a practical expedient that ...

What Is the Difference Between the Revenue Recognition Principle and the Expense Matching Principle? Understand the uses of these two core principles. The revenue recognition principle is a ...

On September 21, 2020, the Financial Accounting Standards Board (“FASB”) announced a proposed Accounting Standards Update (“ASU”), that if enacted, would provide a “practical expedient”, simplifying ...

The International Accounting Standards Board has proposed making some clarifications to the revenue recognition standard that it released last year with the U.S. Financial Accounting Standards Board.

RPO measures future revenue from existing contracts, aiding financial forecasting. It includes deferred and future invoiced revenue, enhancing transparency. RPO helps manage financial commitments and ...