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The New Revenue Recognition Model – Step 4: Allocating the Transaction Price

As mentioned in our previous articles, the effective dates of the highly anticipated revenue recognition standard, ASC 606, are quickly approaching. For public entities, the effective date is for fiscal years beginning after December 15, 2017. For everyone else, there is an additional year to get ready, with an […]

Revenue Recognition – Step 3: Determining the Transaction Price

As you know, the effective dates of the highly anticipated revenue recognition standard, ASC 606, are quickly approaching. For public entities, the effective date is for fiscal years beginning after December 15, 2017. For everyone else, there is an additional year to get ready, with an effective date of […]

Revenue Recognition – Step 2: Identifying Performance Obligations

We are nearing the effective dates of the highly anticipated revenue recognition standard, ASC 606.  For public entities, the effective date of fiscal years beginning after December 15, 2017 is quickly approaching. For everyone else, there is an additional year to get ready, with an effective date of fiscal […]

Revenue Recognition – Step 1: Identifying the Contract with a Customer

We are nearing the effective dates of the highly anticipated revenue recognition standard,

Revenue from Contracts with Customers (ASC 606). For public entities, the effective date of fiscal years beginning after December 15, 2017 is quickly approaching. For everyone else, there is an additional year to get ready, with an […]

Understanding Revenue Recognition: Revenue from Contracts with Customers (ASC 606)

We are nearing the effective dates of the highly anticipated revenue recognition standard, Revenue from Contracts with Customers (ASC 606). To help you understand how to apply the new standard, we will be distributing a series of five articles based on the five step model below. See the link […]

Preparing for Implementation of the New Revenue Recognition Standard

The deadline for implementation of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), is right around the corner!

With an effective date of Jan. 1, 2018, for calendar year publicly held companies and Jan. 1, 2019, for calendar year privately held companies, the time to begin planning for […]

Don’t Make Hunches — Crunch the Numbers

Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short of management’s expectations.

In the broadest sense, you’re really trying to answer a simple question: If my company buys a given asset, will the asset’s benefits be greater than its […]

Changes to SOC 1 Examinations as of May 1, 2017

Statement on Standards for Attestation Engagements (SSAE) No. 18, Attestation Standards: Clarification and Recodification (SSAE 18) is the new standard drafted by the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board (ASB) related to attestation engagements and reports.  The new Standard changes some of the requirements and […]

Don’t Make Hunches – Crunch the Numbers

Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short of management’s expectations.

In the broadest sense, you’re really trying to answer a simple question: If my company buys a given asset, will the asset’s benefits be greater than its […]

What Can A Valuation Expert Do For Your Succession Plan?

Most business owners spend a lifetime building their business. And when it comes to succession, they face the difficult decision of whether to sell, dissolve or transfer the business to family members (or a nonfamily successor).

Many complicated issues are involved, including how to divvy up business interests, allocate value […]